The City of Edmonton is offering up to $20 million in grants for affordable housing providers to accelerate development in 2025.
The Affordable Housing Investment Program is the City’s flagship affordable housing program, providing grants for new development construction and the repair of existing units. Since 2019, it has helped reduce barriers to housing and helped create homes across the affordable housing spectrum, from near-market rentals to social and supportive housing. The seventh round of grants is now open to non-profit and private sector developers interested in developing affordable housing in 2025.
“Access to safe, affordable housing is essential for building a stronger Edmonton. This investment will accelerate housing development and advance reconciliation while also attracting economic investment and supporting our City’s growth,” said Mayor Amarjeet Sohi.
The grant provides funding through two streams:
- General stream: covers up to 25 per cent of the total capital costs of newly constructed or rehabilitated affordable housing developments.
- Indigenous housing stream: Assists Indigenous organizations pursuing affordable housing development and covers up to 25 per cent of the capital costs of newly constructed or rehabilitated affordable housing developments and up to 40 per cent for developments that exceed specific affordability, energy efficiency and unit size criteria.
To be successful, housing providers must guarantee that the affordable units will be offered at below-market rates for 25 to 40 years. Projects are also required to be environmentally sustainable for long-term resilience.
Since 2019, the City has invested $254 million in affordable housing to help create 5,553 units, including 916 units of supportive housing. Every dollar invested by the City attracts an additional four dollars from other levels of government and affordable housing developers.
To create a city where affordable housing can be found anywhere, we need Edmontonians to welcome it everywhere. Edmontonians can learn more about life inside affordable and supportive housing at edmonton.ca/WelcomeHomes.
