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Londonderry housing project gives renters options

DCN-JOC News Services
Londonderry housing project gives renters options
CIVIDA - A 240-unit affordable housing project is looking to shake up how affordable housing projects in Edmonton are done but creating flexible rent options that are tied to income.

LONDONDERRY, ALTA. – A new affordable housing development in Londonderry, Alta. is looking to innovate by tying rent to household income.

The 240-unit development in north Edmonton includes one- to five-bedroom suites and townhomes with amenity space for community organizations and events. This mixed-income model offers suites at market and near-market rates, along with social housing units.

Rents for the units are based on household income and can be adjusted as incomes change over time. The province stated this flexible model allows tenants with subsidized rents to seek higher paying jobs without fear of losing their homes – rents continue to align with income and housing is stable as long as tenants meet other affordable housing eligibility criteria.

“I’m so pleased to see that 240 families from Edmonton will now have access to safe and affordable housing,” said Edmonton Mayor Amarjeet Sohi in a press release. “I look forward to working with the provincial government to ensure we can provide more access to this type of housing as it makes such an incredible difference in the lives of those who can access it.”

Residents are expected to start moving into the building in February 2022.

The province contributed $51.1 million of the total project cost of $87.3 million. Civida, the largest provider of social and affordable housing in Edmonton, contributed $36.2 million.

According to the province, the development created almost 640 jobs from design and construction to painting and finishing touches.

The project sits in the Kilkenny neighbourhood on a three-acre site owned by the city. The city agreed to a 60-year lease with Civida and the government through the Alberta Social Housing Corporation.

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