Calgary awarded $23M through Rapid Housing Initiative

Key Takeaways:

• Calgary will receive $23 million as part of the third round of the Rapid Housing Initiative’s (RHI) city stream.
• It will support two projects, Hope Heights and Onward.
• The projects are expected to create at least 64 new units.

The Whole Story:

The Governments of Canada, Alberta and the City of Calgary announced combined funding of more than $23 million for Calgary, one of the 41 recipients of the third round of the Rapid Housing Initiative’s (RHI) city stream. This investment is expected to help create at least 64 new units across two projects. 

Hope Heights is being developed by HomeSpace Society into a four-storey apartment building located at 117 12 Street, in the established community of Crescent Heights just north of Downtown, Calgary. The project includes 35 one-bedroom rental units, with at least 12 units designated for women and/or women and children.

Residents will also have access to wrap-around support services on-site. The project received $7.3 million under the Cities Stream of the third round of the RHI3 from the federal government through CMHC, $872,975.00 from the City of Calgary, $2.1 million from the Government of Alberta, and $1.3 million donation from Calgary builder Hopewell. Construction is expected to be completed in fall 2024. 

“Everyone deserves a safe place to call home. Through the Rapid Housing Initiative, we are providing new homes for people who need them most right across the country including here in Calgary,” said Sean Fraser, minister of housing, infrastructure and communities.” 

Onward is developing a low-rise apartment building offering 29 affordable rental units near Westbrook Mall. Comprising of mostly 2-bedroom units, the housing will support women and children. The project called Killarney received $8.3 million under the Cities Stream of the third round of the Rapid Housing Initiative (RHI3) from the federal government through the Canada Mortgage and Housing Corporation (CMHC), $1.1 million from the City of Calgary, and $3.4 million from the Government of Alberta. Construction is expected to be completed in late summer 2024. 

Funding for these projects is made possible by the federal government’s additional investment of $1.5 billion through RHI, bringing the program’s total to $4 billion to support those most in need across the country. The additional funding for the third round of RHI is divided into two streams: $1 billion through the Projects Stream and $500 million towards the Cities Stream.

Exceeding its initial target, this round of RHI3 is expected to help build over 5,200 new homes in Canada. The total number of homes that will be created with the support of RHI is over 15,500. 

Contributions from the Government of Alberta were made through the Affordable Housing Partnership Program (AHPP). This is cost-matched through the Canada – Alberta Bilateral Agreement under the National Housing Strategy. 

Funding for these projects is as follows: 

Hope Heights 

• $7.4 million in funding through RHI3 Cities Stream
• $872,975.00 from the City of Calgary 
• $2.1 million of federal and provincial funding through the Canada – Alberta Bilateral Agreement under the National Housing Strategy (NHS)
• $1.26 million from Calgary builder Hopewell Residential via the former RESOLVE campaign 

Killarney 

• $8.3 million in funding through RHI3 Cities Stream 
• $1.1 million from the City of Calgary
• $3.4 million of federal and provincial funding through the Canada – Alberta Bilateral Agreement under the National Housing Strategy (NHS)