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Platinum107 said:
CplKlinger explained the actual reason behind this, but I'll add my perspective as well. Affordable and supportive housing buildings need to be spread throughout the city to ensure equitable access to housing where people need it, along with better integration into existing neighbourhoods and infrastructure. In my view, clustering these developments inside already struggling areas of the city is how we could end up with projects-like segregated areas that can easily fall into disrepair with changing governments and investment patterns. Having these developments in areas with market housing will make them more apparent and harder to neglect/steer funding away from.
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I am buying what you are selling. SOLD
 
Update:

The student housing funding is fully allocated. The city has allocated the funding to 5 projects, with 4 projects under agreements to date. It will release info about all 5 projects when last contract is signed but some developers may start to release on their own perhaps. Building permits must be in place by Nov 2026 at latest.

Also of note, the Attainable Housing Incentive which would not just be for student housing but for any new housing development downtown, may be open for applications on March 4. It’s not HAF funded and, if approved, would be funded from the downtown CRL (rather than general revenue).
 
TAS said:
Update:

The student housing funding is fully allocated. The city has allocated the funding to 5 projects, with 4 projects under agreements to date. It will release info about all 5 projects when last contract is signed but some developers may start to release on their own perhaps. Building permits must be in place by Nov 2026 at latest.

Also of note, the Attainable Housing Incentive which would not just be for student housing but for any new housing development downtown, may be open for applications on March 4. It’s not HAF funded and, if approved, would be funded from the downtown CRL (rather than general revenue).
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So this is Student H. F in addition to the HAF fund? HAF was what? A dozen or so projects of which NONE have been formally announced yet….so we’ll have 17 - 20 projects all within DT break ground this year?
 
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MacLac said:
So this Student H. F in addition to the HAF fund? HAF was what? A decade or so projects of which NONE have been formally announced yet….so we’ll have 17 - 20 projects all within DT break ground this year?
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The Housing Accelerator Fund (HAF) is all federal money we received: $175 million initially and then another $17million for a total of $192M.

$15M of that money is for student housing in downtown specifically. In total, the entire fund of $192M is supporting the build of about 5,700 units including on surplus school sites in various neighbourhoods.

The Attainable Housing Incentive is related to the recently approved Capital City Downtown Community Revitalization Levy (CRL) to fund a major, $553 million Downtown Action Plan, which includes the newly introduced Attainable Housing Program.

The extended CRL (through 2044) is projected to generate $976 million in revenue, which will fund up to 2,500 new housing units, along with other projects like LRT safety and public spaces.
Specific Incentives: The plan includes $30M–$50M in CRL loans for the creation of 2,400–7,000 potential downtown homes.

We should see a lot of things happening in the downtown for a while. Hopefully those new businesses and retail follow.

Add to all that, MacEwan and Norquest's ongoing growth, and it's kind of potentially staggering. Would love to see the Quarters build some momentum, too.
 
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TAS said:
The Housing Accelerator Fund (HAF) is all federal money we received: $175 million initially and then another $17million for a total of $192M.

$15M of that money is for student housing in downtown specifically. In total, the entire fund of $192M is supporting the build of about 5,700 units including on surplus school sites in various neighbourhoods.

The Attainable Housing Incentive is related to the recently approved Capital City Downtown Community Revitalization Levy (CRL) to fund a major, $553 million Downtown Action Plan, which includes the newly introduced Attainable Housing Program.

The extended CRL (through 2044) is projected to generate $976 million in revenue, which will fund up to 2,500 new housing units, along with other projects like LRT safety and public spaces.
Specific Incentives: The plan includes $30M–$50M in CRL loans for the creation of 2,400–7,000 potential downtown homes.

We should see a lot of things happening in the downtown for a while. Hopefully those new businesses and retail follow.

Add to all that, MacEwan and Norquest's ongoing growth, and it's kind of potentially staggering. Would love to see the Quarters build some momentum, too.
Click to expand...

I should also say, for those student housing project proposals that were not successful receiving some of the $15M HAF fund because it was outside the city's preferred building zone for example, the city is directing those builders to apply for the upcoming attainable housing fund from the downtown CRL.
 
TAS said:
The Housing Accelerator Fund (HAF) is all federal money we received: $175 million initially and then another $17million for a total of $192M.

$15M of that money is for student housing in downtown specifically. In total, the entire fund of $192M is supporting the build of about 5,700 units including on surplus school sites in various neighbourhoods.

The Attainable Housing Incentive is related to the recently approved Capital City Downtown Community Revitalization Levy (CRL) to fund a major, $553 million Downtown Action Plan, which includes the newly introduced Attainable Housing Program.

The extended CRL (through 2044) is projected to generate $976 million in revenue, which will fund up to 2,500 new housing units, along with other projects like LRT safety and public spaces.
Specific Incentives: The plan includes $30M–$50M in CRL loans for the creation of 2,400–7,000 potential downtown homes.

We should see a lot of things happening in the downtown for a while. Hopefully those new businesses and retail follow.

Add to all that, MacEwan and Norquest's ongoing growth, and it's kind of potentially staggering. Would love to see the Quarters build some momentum, too.
Click to expand...
Seeing it all laid out like this for others is why I'm extremely bullish about downtown. Those are the just the projects with financial incentives attached. Who knows if we're getting more that aren't eligible but still go ahead. Ice Village is going to keep trucking along in some capacity as well.

We like to trash the city for previous downtown plans and concepts, which is more than fair, but this recent one actually has significant financial backing coming with it.
 
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