The province announced Thursday it is ready with $188 million to build housing for low-to-moderate income and homeless Albertans and is calling for proposals from municipalities, not-for-profit groups and the private sector.
The Alberta government will provide up to 65 per cent of capital costs for projects to house seniors, individuals and families.
Housing must be available to renters or homeowners for at least 10 per cent below market rates. Properties are expected to remain affordable for a minimum of 20 years.
In 2007, Alberta committed to helping fund the creation of 11,000 new units by 2012. About 8,700 units are either available or under development.
The application process closes on Sept. 24. with projects to be announced in late 2010 and early 2011.
Application forms and program details are available at www.housing.alberta.ca.