In February 2018, the City of Calgary awarded HomeSpace three parcels of land following a competitive application process for several non-market housing development sites including 933 5th Ave SW. HomeSpace supplied an application to construct a 74-unit, permanent rental apartment building for single adults. Total project cost is expected to be $23.5 million (land at market value) and occupancy is slated for mid-2020. This building was made possible by the generous commitment of philanthropic donors through the RESOLVE Campaign, the support from Canada Mortgage and Housing Corporation, as well as the City of Calgary via land donated at book value and the Housing Incentive Program. We will partner with a social service provider for resident referrals, income testing, supports and community building. View the schematic design for this development.
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