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Strengthening Alberta's affordable housing system.

Document Cited in Related
Vincent
Published date16 April 2024

M2 PRESSWIRE-April 16, 2024-: Strengthening Alberta's affordable housing system

(C)1994-2024 M2 COMMUNICATIONS

RDATE:16042024

Alberta's government is providing record funding to Alberta's 48 housing providers for operating community housing across the province through Budget 2024.

Alberta's government is committed to ensuring vulnerable and low-income Albertans have access to a roof over their head and a safe, stable, and affordable place to call home - and Alberta's housing providers are a key part of that commitment.

Budget 2024 commits an increase of $21 million in operating funding to Alberta's housing providers, which means they will receive a total of $75 million in 2024-25. This funding will keep units open and help cover rising day-to-day expenses such as utilities, supplies and staffing.

"Housing providers are the backbone of Alberta's affordable housing system, and our government is firmly in their corner. More people are coming to our province than ever before, and through Budget 2024 we are helping to ensure low-income individuals and families can have a safe place to call home." Jason Nixon, Minister of Seniors, Community and Social Services

More than 110,000 Albertans currently live in more than 60,000 government-subsidized homes, and with the cost of living rising, demand is rapidly growing.

Affordable housing providers across the province do critical work to ensure low-income Albertans have access to safe, stable, affordable homes that meet their needs. Alberta's government is committed to helping these providers mitigate rising costs and inflationary pressures so they can continue to help low-income Albertans find the homes they need in communities across the province.

"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...

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