Province promises $49.5M for new affordable housing building in northeast Edmonton

The government of Alberta, City of Edmonton and Capital Region Housing break ground at the future Londonderry community housing site. Supplied: Government of Alberta

An aging, 80-unit complex in northeast Edmonton will be replaced with a brand-new building after the province announced $49.5 million for affordable housing Wednesday morning.

The new 240-unit redevelopment will feature one- to five-bedroom homes as well as facilities for community organizations.

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“By putting people first, we are helping families stay in their communities, close to loved ones,” Minister of Seniors and Housing Lori Sigurdson said on Wednesday. “Londonderry will be a model for building sustainable, accessible housing in Edmonton for many years to come.”

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In a news release, the province said the facility will use an “innovative mixed-income model that bases rent on household income,” meaning if a resident’s income changes, their rent can change too. According to the province, this will allow residents to seek higher-paying jobs without the fear of losing their home.

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“Londonderry will be home to 240 families,” Greg Dewling with the Capital Region Housing Corporation said. “Home, despite changes to their financial situation; home to the relationships they have built; home to the schools their children attend; home to services they and the community will need.”

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The total cost of the development is $70 million and the Capital Region Housing Corporation will pay the remaining $20.5 million.

Construction is expected to be complete in fall 2021.

A government spokesperson said the funding for the project was promised in the 2017 provincial budget.

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