October 16, 2024

Today, Calgary Housing, along with the federal government, and The City of Calgary announced a significant funding initiative aimed at repairing and renewing over 1,000 affordable homes across the city. The event, held at the Calgary Housing Falconridge 3 affordable housing property, highlighted this joint investment, which will improve essential housing stock and ensure safe, affordable homes for Calgarians well into the future.

The federal government, through the Canada Mortgage and Housing Corporation (CMHC), has committed $10.04 million to this initiative, with $5 million allocated to The City of Calgary and $5.04 million to Calgary Housing. This funding will be combined with $11.66 million from The City and $11.76 million from Calgary Housing to carry out much-needed repairs across a range of affordable housing properties.

The improvements will include upgrades to building envelopes, energy efficiency enhancements, and accessibility modifications at various Calgary Housing-managed locations. While some of the work is already underway, the full range of projects will be completed between 2025 and 2027, with the funding required to be utilized within three years.

The announcement featured remarks from George Chahal, Member of Parliament for Calgary Skyview, who represented the federal government, Calgary Mayor Jyoti Gondek, and Sarah Woodgate, President and CEO of Calgary Housing. Jeff Chase, Chief Housing Officer for The City, served as the emcee for the event.

Sarah Woodgate stated, “With this funding contribution from our partners at CMHC, along with investment by The City of Calgary and Calgary Housing, we are renewing homes that have provided security and dignity to thousands of Calgarians over the years. These efforts will ensure these homes continue to offer safe, secure, and affordable living for families and individuals—now and for decades to come.”

This initiative is a crucial part of Calgary Housing’s commitment to maintaining high-quality, sustainable housing for residents and ensuring that affordable housing remains accessible to those who need it most.

For further details on today’s announcement, you can download the federal government’s news release here.