The City of Calgary intends to develop a currently vacant parcel of land located at 210, 15 Ave. N.E for a four storey, 16-unit multi-residential property.
The Office of Land Servicing & Housing is currently working on a costing analysis to ensure the project construction budget is met.
How did The City come to acquire the property (210/212 15 Ave NE) on which the Crescent Heights development will be built?
The City acquired these lots as part of the 16th Avenue road widening project. The site was the former parking lot for Rocky View County municipal offices (located on 16th Ave) and as part of the 16th Ave road widening project, the City bought the lot on 16th Ave and the parking lot on 15th Ave from Rocky View County. During the 16th Ave road widening project, these sites were deemed surplus and were circulated internally to other City departments for municipal use. The Office of Land Servicing & Housing identified these sites as suitable for affordable housing and proceeded with applying for funding to begin a project on these vacant city owned lots.
Who might live in the Crescent Heights development?
There will always be people who need affordable housing. In Calgary, this need has been consistently recorded at approximately 18% of all households since 1991. Based on 2006 federal census data, in Calgary, there are 38,000 renter households and an additional 33,500 households that own their own homes who are considered in danger of losing their home due to financial circumstances. Many of these individuals may already live in your community and be your neighbors. They include students, seniors, young couples, people with disabilities, Aboriginal peoples, low income workers and their families (including, as examples, sales clerks, taxi drivers, cooks, cashiers, teachers’ assistants, janitors, and gas station attendants), new Canadians and people who are unemployed.
What will be the financial model used for the residents?
The Crescent Heights development will use a “mixed income model” for its rental rate structure:
one-third: 10% below market rates
one-third: 25-50%below market rates
one-third: deep subsidy
By balancing the proportion of these units within an individual building, Calgary Housing Company ensures that new affordable housing developments are financially sustainable while, more importantly, they provide an inclusionary approach to housing where tenants of mixed financial means are blended together.
Where did funding for the Crescent Heights development come from?
Funding for the Crescent Heights development was provided by the Provincial Government via a Housing Capital Initiative Grant and via municipal funding through the Municipal Sustainability Initiative.
Who will operate and manage the building?
The Calgary Housing Company
(CHC) will manage the building and will work with the residents and community to create and maintain a safe, secure and well-managed property.
Who is Calgary Housing Company (CHC)?
CHC has been Calgary’s leading housing provider for 40 years. CHC manages over 10,000 affordable housing units with more than 25,000 tenants and provides a variety of mixed income housing options.
How will CHC determine who lives in the Crescent Heights development?
CHC has robust tenancy, income verification and property management processes. All potential residents must apply and be accepted.
How will CHC manage this building successfully?
Safety, security and community well-being are at the core of CHC’s operating principles. CHC will work with the residents and the community to create and maintain a safe, secure and well-managed property. CHC welcomes constructive feedback and support from the communities in which they operate. CHC property managers can be contacted directly by any member of the community. CHC prides itself on appropriate response times and mutually agreed to resolutions. CHC encourages the creation of residents associations in its buildings to promote a sense of belonging and pride in the community.
Will The City be responsible for providing operating subsidies to the Crescent Heights development?
The Crescent Heights development will not require any operating subsidies. It will operate on a break-even basis to ensure operational sustainability and net social benefit over the long term.
Will this affordable housing project adversely affect property values in the community?
There is no evidence to suggest that well-designed, well-built and well-maintained housing has a negative effect on property values.
Have questions or comments? We want to hear from you.