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Mayor launches #yegYIMBY day in Edmonton for affordable housing


City program to use surplus school sites for affordable housing.
I have to imagine this whole program could now be cancelled/stalled after the province's announcement on new school construction funding...
 
Not sure if this was posted already

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  • Administration is seeking council approval to sell or lease 11 surplus school sites so they can be used to build affordable housing. Council rezoned the school sites in the fall. Industry partners told administration that selling the sites is the quickest and simplest way for providers to secure additional funding and financing as they would hold direct equity in the land. However, if the land is sold instead of leased, the city would give up long-term control over housing affordability on these sites, as affordable housing agreements can be negotiated for a term of up to 40 years. Administration said it would consider lease or sale for each site on a case-by-case basis. City staff are also seeking approval for capital grants to incentivize developing the sites. The grants will cover up to 25% of the capital costs for the affordable housing units, including the value of the land, or more if the projects provide greater affordability or exceed energy efficiency requirements. Council’s executive committee will be asked to approve the sale or lease of the school sites and the affordable housing grants at a meeting on Jan. 22. If it does, the decision will go to city council for a final vote.
 

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City launches new round of affordable housing grants
November 26, 2025

The City of Edmonton has launched its eighth round of affordable housing construction grants, which have helped build 2,473 units of affordable housing since 2019.

The Affordable Housing Investment Program is the City’s flagship affordable housing program, providing grants for new development construction and the repair of existing units. Since 2019, the City’s approach as an early investor has helped attract $852 million from other orders of government and housing partners and created homes across the affordable housing spectrum, from near-market rentals to social and supportive housing. The eighth round of grants is now open to non-profit and private sector developers interested in developing affordable housing in 2026.

“Access to safe, affordable housing is essential for building a stronger Edmonton,” said Mayor Andrew Knack. “The City’s commitment to affordable housing has helped increase the supply by 30 per cent since 2019. This investment will accelerate housing development and advance reconciliation while also attracting economic investment and supporting our City's growth.”

The grant provides funding through two streams:

General stream: Covers up to 25 per cent of the total capital costs of newly constructed or rehabilitated affordable housing developments.
Indigenous housing stream: Assists majority Indigenous-owned organizations pursuing affordable housing development, covering up to 25 per cent of the capital costs of newly constructed or rehabilitated affordable housing developments and up to 40 per cent for developments that exceed specific affordability, energy efficiency and unit size criteria.
To be successful, housing providers must guarantee that the affordable units will be offered at below-market rates for 25 to 40 years. Projects are also required to be environmentally sustainable for long-term resilience.

Housing developers can find helpful resources for developing affordable housing at edmonton.ca/AffordableHousingDevelopers.

The City’s grant can be stacked with the Government of Alberta’s Affordable Housing Partnership Program, which commits $200 million to help build more affordable homes for Albertans, and the Canada Mortgage and Housing Corporation’s Affordable Housing Fund, which provides capital to partnered organizations for new affordable housing and community housing.

Quick facts
Grant applications will be accepted until March 6, 2026. General stream applicants must have issued development permits.
Affordable housing is operated, funded or created through direct government subsidies. There are different types of affordable housing to meet different needs.
Social housing: Rental units intended for very low- to low-income households.
Non-market affordable rentals: Units geared towards low- to moderate-income households, defined as deep subsidy (less than 50 per cent of average market rent) or shallow subsidy (less than 80 per cent of average market rent).
Near-market affordable rentals: Units geared towards moderate-income households which cost 80 per cent of average market rent.
Supportive housing: Subsidized housing with on-site support services.
Mixed-market affordable housing: Combines rental units offered at market rates with units offered at below-market rates, creating a financially sustainable approach to affordable housing.
One in eight households, one in four renter households and one in three Indigenous renter households are in core housing need, meaning they pay too much for housing or live in crowded or unsafe conditions and can’t afford to move. This number is projected to increase in the next five years.
By 2031, Edmonton will need 39,700 more affordable rental housing units, 1,400 to 1,700 supportive housing units and 189 transitional housing units to address the demand for affordable, adequate and suitable housing.
For more information:
edmonton.ca/AffordableHousingInvestment

Media contact:
Heather Curtis
Communications Advisor
Community Services
780-818-1185
 

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