Calgary sells 3 parcels for affordable housing

City-owned parcels in three Calgary neighbourhoods were sold to non-profit housing providers for below market value, the city announced on Monday. Global News

Three non-profit affordable housing providers in Calgary are one step closer to being able to provide more units to Calgarians in need.

On Monday, the City of Calgary announced it awarded three parcels of city-owned land to the housing providers, which they said will create an estimated 100 new affordable homes.

Trellis Society for Community Impact purchased city land in Bowness, Calgary Dream Centre got land in Erlton and the Liberty Housing Organization got land in Parkdale.

The non-market housing land sales fit with the city’s housing strategy and follow two similar sales earlier this year that produced nearly 290 affordable homes.

Click to play video: 'Trudeau, Smith weigh in on what’s next for Calgary’s newly-approved housing strategy'
Trudeau, Smith weigh in on what’s next for Calgary’s newly-approved housing strategy

The sites were offered at below market value as part of a council-approved policy that releases up to 10 parcels of developable land every two years, a move that’s designed to increase the offerings from non-profit housing providers.

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“To help address the housing crisis, it’s important we create more homes in all neighbourhoods throughout Calgary. That includes increasing the supply of non-market housing,” Tim Ward, manager of housing solutions, said.

“We are privileged to partner with these three non-profit affordable housing providers to benefit all Calgarians, especially those in greatest need of a safe place to call home.”

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