Innovative housing model builds bright futures
A new Londonderry housing development provides services, amenities and safe, affordable homes for 240 families in north Edmonton.
The development offers families the choice of one- to five-bedroom suites and townhomes, with amenity space for community organizations and events. This new, innovative 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. This flexible model allows tenants with subsidized rents to seek higher paying jobs without fear of losing their homes β rents continue to align with income and housing is stable as long as tenants meet other affordable housing eligibility criteria.
READ MORE HERE
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Date
Nov 26, 2021
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By
Government of Alberta
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