CALGARY – The federal government is financing $16 million to help construct new multi-unit residential housing in Calgary.
Bishop’s Manor by Forward Housing is a 5-storey residential building that will provide Calgary with 104-units of much-needed rental housing. It is located at 200 Nina Gardens NE. The project will include barrier-free access, including units with universal design, adaptable units, and units that meet or exceed local accessibility requirements.
“Every Canadian deserves a safe and affordable place to call home,” said Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC).
“That’s why, through new investments like Bishop’s Manor by Forward Housing, our government is taking action to not only increase the supply of new rental developments but also provide housing options that are closer to jobs, services, and amenities that middle-class families in Calgary need.”
This project, Bishop’s Manor by Forward Housing, is receiving financing through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program delivered by Canada Mortgage and Housing Corporation (CMHC) that supports rental housing construction projects to encourage a stable supply of rental housing for middle-class families in expensive housing markets.
Through the Housing Incentive Program (HIP), the City of Calgary provided a total of $430,864 to this project predevelopment grants, and development fee rebates. Part of the city’s commitment to enabling non-market housing providers to create new homes, HIP provides early-stage support for affordable housing projects and offsets the costs of municipal permits and fees.
The RCFi, a National Housing Strategy (NHS) initiative delivered by CMHC, supports rental housing construction projects to encourage a stable supply of rental housing across the country for middle-class households struggling in expensive housing markets.
Residents will begin moving in on April 19. Forward Housing will be celebrating the grand opening of Bishop’s Manor on April 19.