Affordable Housing Investment Program │ City of Edmonton:

The program has three streams:

• New Construction Grant
  • Assists organizations in constructing new affordable housing units
  • Open to not-for-profit or for-profit corporations
  • Targeted to shovel ready developments or for reimbursement anytime after construction but prior to occupancy
  • Funding of up to 25% of total construction cost of the affordable housing component of the project (actual funding commitment depends on the level of rent subsidy that will be provided)
  • The applicant must own land or have a signed Purchase Agreement in place
• Rehabilitation of Existing Housing Units Grant
  • Assists organizations in rehabilitating developments with existing affordable housing units
  • Open to not-for-profit or for-profit corporations
  • Targeted to shovel-ready rehabilitation developments or for reimbursement after rehabilitation has begun but prior to occupancy
  • Funding of up to 25% of total construction cost of the affordable housing component of the project (actual funding commitment depends on the level of rent subsidy that will be provided)
  • The applicant must own land or have a signed Purchase Agreement in place
• Indigenous Housing Grant
  • Assists Indigenous organizations pursuing affordable housing development
  • Open to majority Indigenous-owned not-for-profit or for-profit corporations
  • Targeted to both new construction and rehabilitation developments
  • Developments can be either shovel-ready or reimbursed if construction is underway but occupancy has not yet been issued
  • Funding of up to 25% of total construction cost of the affordable housing component of the project (actual amount of funding commitment by the City may vary), with opportunities to provide up to 40%
  • The applicant must own land or have a signed Purchase Agreement in place