CALGARY, AB, Oct. 16, 2020 /CNW/ – Every Canadian deserves a safe and affordable place to call home. That is why the Governments of Canada is supporting Horizon Housing as they break ground on the Pineridge development, which will soon provide Calgarians with access to more stable rental housing options that are affordable to the middle-class.
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced the ground breaking of 65 new homes in Calgary’s northeast community of Pineridge. This ground breaking celebrates the start of construction which will create homes for over 120 people when the mixed income development is completed late 2021.
This project by Horizon Housing is receiving financing of just over $15 million dollars through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program delivered by Canada Mortgage and Housing