CALGARY (660 NEWS) – The City of Calgary and the federal government are paving the way for more affordable housing projects.
Mayor Naheed Nenshi joined Parliamentary Secretary Adam Vaughan Wednesday morning for the announcement which will see five city-owned sites sold to non-profit groups for affordable housing.
“It’s cold outside, and this is a good reminder for us that the need for action has never been more clear,” said Nenshi.
Vaugh said the federal government will fund $48.5 million to the projects and added it’s the first of many announcements to come in the city.
“Housing is the best tool we have to solve the challenges we share as a country, as a province and as a city,” said Vaughn. “I’m very proud today to announce the dollars that are being flowed to Calgary and being put on the table to facilitate this extraordinary good project.”
Mayor @nenshi says City will be providing 5 city owned sites to the non profit sector for below market value to develop affordable housing. "It's cold outside, and this is a good reminder for us that the need for action has never been more clear," he says. #yyc #Calgary @660NEWS pic.twitter.com/xHNEd2JFxU
— Saif Kaisar (@StaySaif) January 15, 2020
While the announcement is good news for Nenshi, he stresses more work needs to be done.
“The work that we talk about today is important but it is not sufficient. What is required is for us to have a real shift in our thinking about ways in which we involve the non-profit sector, the market and government together to get these housing units on board.”
The funding will create up to 200 units for low-income Calgarians in the communities of Saddleridge, Seton, Highland Park, Banff Trail and Capitol Hill.
Mayor Nenshi said no definitive time has been set for when construction will start on the new houses.