$39-million housing fund to help support Edmonton’s rapid growth
Posted August 30, 2024 12:41 pm.
As Edmonton’s population keeps growing, so does the demand for housing. The city is hoping to meet at least some of that demand with a $39 million infill fund that is part of the City’s Housing Accelerator Fund action plan.
The announcement was made Friday by Edmonton Mayor Amarjeet Sohi and Randy Boissonnault, Minister of Employment.
This fund will help cover shared public infrastructure costs for new multi-unit housing developments in existing neighborhoods.
“As our city grows, increasing the supply and types of housing will be critical to maintaining Edmonton’s affordability, liveability and competitive advantage, as well as preventing people from falling into housing need. This fund will help support Edmonton’s rapid growth,” said Mayor Amarjeet Sohi.
The fund will be available to market and non-market housing projects with 10 or more units in urban centres and corridors main streets and near transit. The fund will also cover the costs of share shared offsite public infrastructure upgrades, up to $4 million.
Funding applications will be accepted until July 9, 2026.
