ValueUp to 40% of capital costs.
The Program aims to identify up to a maximum of five problem properties for redevelopment for affordable housing purposes, with total funding for the Program in the amount of $1.5 million from the Affordable Housing Reserve. This is a pilot program, and if the outcomes are effective and desirable the City may consider making additional funding available.
Under the Program, the City may provide grant funding to a successful Development Partner for up to 40 percent of their capital costs incurred to redevelop a property for affordable housing purposes. Note that the City will not contribute grant funding to a Development Partner’s costs of acquiring the property.
- Be a non-profit organization with experience in affordable housing development
- Demonstrate a connection to the community
- Already own the property or have a signed purchase agreement (funds cannot be used for property acquisition)
Deadline DateClosed. Previous deadline: May 24, 2021.
Contact Name: City of Edmonton
Phone Number: 780-496-4878
E-mail Address: email@example.com