Rising Costs and Inflationary Pressures: $21 Million Injection To Meet Demand In Alberta...

Over 110,000 Albertans presently live in over 60,000 homes subsidized by the government, and as the cost of living escalates, the demand is on the rise.
“This investment underscores our shared commitment to ensuring that more individuals and families have access to safe and affordable housing. As an affordable housing provider, these additional resources will have a direct and positive impact on the quality of life of the over 15,000 individuals and families living in Civida homes, allowing us to better address inflationary pressures, maintain and renew much-needed affordable homes and sustain our service delivery.” said Gord Johnston, chief executive officer, Civida
Alberta Community Housing encompasses a blend of single-family homes, apartments, and townhomes, with rent calculated at 30 percent of household income. Presently, this initiative gives priority to low-income households with dependents and assets totaling less than $25,000. Budget allocations are determined by considering the scale of local housing providers and the quantity of units they oversee. Consequently, every housing management entity involved in community housing received a boost in their operational budget.