The $13.95-million project, in northeast Edmonton, is funded through the Investment in Affordable Housing Agreement between the governments of Canada and Alberta.
Parkdale ONE offers 70 one-, two- and three-bedroom housing units. The units are offered at a range of rents based on income to accommodate a wider range of Albertans.
Seniors and Housing Minister Josephine Pon, participated in the grand opening June 26, along with Amarjeet Sohi, Minister of Natural Resources, on behalf of Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).
“Our government is helping low-income Albertans get on the path to financial stability through the Parkdale ONE development. Innovative projects like this help ensure all Albertans have the chance to thrive and prosper.”
“Investing in affordable and accessible housing is an investment in the future of our city. Our government is proud to support affordable housing projects and initiatives here in Edmonton and across Canada to help create jobs and improve the quality of life for those who need it most. With our partners, we are providing a helping hand to individuals and families in need, and in doing so, we are contributing to the economic and social well-being of the entire community.”
“Affordable housing is important in ending poverty in our city. Capital Region Housing’s mixed-income model allows families to put down roots, build assets and contribute to inclusive communities. Through our Shovel Ready initiative, we continue to work with housing management bodies and community supports to address the need for affordable housing.”
“Parkdale ONE is home to 70 families and individuals. Home that is safe and secure; home where families can build relationships, contribute to their communities and enjoy economic prosperity. Through our mixed-income model, we can provide affordable housing in a sustainable way to help families live in a community without the need to move.”
- The governments of Alberta and Canada provided a combined investment of about $13.95 million.
- The Government of Alberta contributed the land.
- The facility is co-owned by the City of Edmonton and the Government of Alberta.
- Capital Region Housing, the housing management body, operates the facility.
- The Government of Canada is currently rolling out its National Housing Strategy (NHS) – an ambitious 10-year, $55-billion plan that will create 100,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 per cent.
- The NHS is built on strong partnerships between federal, provincial and territorial governments, and on continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private sectors, to make a meaningful difference in the lives of Canadians.
As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need and offers unbiased housing research
To find out more about the National Housing Strategy, visit www.placetocallhome.ca.
The Government of Alberta ministry of Seniors and Housing fosters the development of affordable housing and supports access to housing options for Albertans most in need. The ministry works with seniors, Albertans who require housing supports, their families and caregivers, communities and other government partners. A more detailed description of the ministry and its programs and initiatives can be found at www.seniors-housing.gov.ab.ca.
Editor's Note: This news release was also issued by the Canadian Mortgage and Housing Corporation on June 26, 2019.