Calgary Housing opens 16 affordable homes in Mount Pleasant as part of decade-long push
The development opened Wednesday with federal, provincial and city officials on hand. Calgary Housing aims to deliver 4,500 affordable units over the next 10 years.
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Calgary Housing has opened 16 new affordable homes in the Mount Pleasant neighbourhood, marking an early example of the organization's expanded role in speeding up construction and occupancy of affordable units.
The development officially opened Wednesday with a ribbon-cutting attended by city, provincial and federal officials. Interim president Bo Jiang said the organization is aiming to deliver 4,500 new affordable homes over the next decade and is "well on track" toward that goal.
Ward 7 Coun. Myke Atkinson, who lives nearby, said the new homes will strengthen the neighbourhood. "Mount Pleasant will also benefit when these 16 families move in, and they start giving back adding to the vibrancy of this community," he said.
The development carries an $8.9 million construction budget, including $5.4 million from the City of Calgary, with additional funding from the provincial and federal governments. The new units include one, two, and three bedroom homes equipped with heat pumps and solar panels to reduce long-term operating costs. Rents range from $700 to $1,800 per month, and the first tenants are expected to move in within two weeks.
Jiang said Calgary Housing's growth strategy relies on a mix of building, buying and partnering. "Show us the money, show us the partnership, show us the skill and we'll step up and be there," he said.
