The Alberta government will get almost $90 million for social housing from Ottawa in the first year of a new 18-year deal announced today. The money is part of a previously announced $2.3 billion program for social housing across the country.
Minister Kent Hehr says the deal will give the province one window delivery of social housing services and more flexibility to adapt housing programs to the needs in the province. “The provincial government will be able to use the savings generated by the simplified administration of social housing to maintain the existing stock and reinvest in affordable housing for Albertans for years to come.”
Alberta Seniors and Housing Minister Lori Sigurdson says the 18-year-agreement to transfer CHMC social housing to the province will give the province options for affordable housing. “What existed were 17 different agreements, with different conditions on different buildings. These agreements, some of which were signed approximately 60 years ago, were outdated and didn’t necessarily meet the changing needs of housing today.”
Today’s agreement covers some 29,000 units, of which some 26,000 are already being administered by the Alberta Social Housing Corporation on behalf of the federal-provincial partnership.