EDMONTON, August 24, 2006 Albertans in Calgary, Edmonton, Fort McMurray and High Prairie will have access to 150 new affordable housing units, thanks to almost $12 million in funding allocated under phase two of the Canada Alberta Affordable Housing Program. The Canada Alberta Affordable Housing Program assists in the creation of sustainable rental housing for low- to moderate-income Albertans, through the construction of new or renovated affordable housing units. Phase two of this program will commit at least $63 million over two years to affordable housing projects in Alberta. Costs are shared equally by the Government of Canada and the Government of Alberta. "The funding announced today will help bring affordable housing within reach for many more families and individuals in Alberta," said the Honourable Diane Finley, Minister of Human Resources and Social Development. "Canada's new Government is proud to work in collaboration with the province of Alberta to support this most important initiative." Phase two funding will be targeted to centres with considerable housing needs, and for persons on, or eligible to be on, waiting lists for social housing. So far $31 million in projects have been committed and/or announced, by the federal and provincial governments for the development of 319 affordable housing units under this phase of the program. It is estimated that over 400 affordable housing units will be developed using phase two funding. "Through phase two of the Canada Alberta Affordable Housing Program, the Government of Alberta is focusing on current housing needs and responding to the unprecedented growth that is occurring throughout the province," said the Honourable Yvonne Fritz, Minister of Seniors and Community Supports. "In doing so, we are assisting many low-income Albertans to have a safe and affordable place to call home." A total of $134 million was invested to support the development of 2,886 housing units during phase one of the Canada Alberta Affordable Housing Program. For more information on the Canada Alberta Affordable Housing Program, visit the Alberta Seniors and Community Supports website at www.seniors.gov.ab.ca. Media inquiries: Robert Storrier Alberta Seniors and Community Supports 780-415-9950 To call toll free within Alberta dial 780-310-0000 Sophie Dupuis Canada Mortgage and Housing Corporation 403-515-2986 Backgrounder Approved Phase Two Projects Overview Project Name: The Brenda Strafford Foundation Affordable Housing Initiative Applicant: The Brenda Strafford Foundation Ltd. Project Address: 432/442 14 Street NW, Calgary Target Clients: Low- to moderate-income singles, families, and those with special needs Number of Units: 83 units, 33 of the units are for special needs families Total Project Cost: $15,936,000 Total CAAHP Grant: $7,968,000 ($3,984,000 from each the federal and provincial governments) Contact: Dr. Barrie Strafford President/CEO The Brenda Strafford Foundation Ltd. 403-288-4446 Project Name: The Brenda Strafford Foundation Affordable Housing Initiative Applicant: The Brenda Strafford Foundation Ltd. Project Address: 432/442 14 Street NW, Calgary Target Clients: Low- to moderate-income singles, families, and those with special needs Number of Units: 83 units, 33 of the units are for special needs families Total Project Cost: $15,936,000 Total CAAHP Grant: $7,968,000 ($3,984,000 from each the federal and provincial governments) Contact: Dr. Barrie Strafford President/CEO The Brenda Strafford Foundation Ltd. 403-288-4446 Project Name: Central Village (Pentecostal Association) Applicant: CTD Housing Solutions Edmonton Ltd. Project Address: 10707 117 Street, Edmonton Target Clients: Low- to moderate-income singles, families, and persons with developmental disabilities Number of Units: 42 units Total Project Cost: $2,488,500 Total CAAHP Grant: $2,163,500 ($1,081,750 from each the federal and provincial governments) Contact: Mike Leathwood Director Property Development, CTD Housing Solutions Edmonton Ltd. 780-420-6161 Project Name: High Prairie Affordable Housing Applicant: Heart River Housing Project Address: 4609 59 Avenue and 5816 46A Street, High Prairie Target Clients: Low-to moderate-income families Number of Units: 8 units Total Project Cost: $825,365 Total CAAHP Grant: $731,340 ($365,670 from each the federal and provincial governments) Contact: Patricia Billings CAO Heart River Housing 780-523-5282
