How non-profit provider brings a community focus to affordable housing
Creating affordable rental housing for Calgary’s most vulnerable families and individuals
Horizon Housing Society: Pineridge Project in Calgary, AB
In nearly every part of the country, both private and non-profit developers
have begun taking a more community-focused approach to affordable housing. In
Calgary, for example, the new 65-unit Pineridge development by Horizon Housing
used an integrated, mixed-income model to offer its residents both affordable
rental housing, as well as a safe, centrally-located and thoroughly inclusive
community.
Fast facts
Project: Pineridge
Location: 6624 25th Avenue NE, Calgary, AB
Developer: Horizon Housing Society
Architect: IBI Group
Builder: Westcor Construction Ltd.
Building type: Mixed-income low-rise building
Units: 65 rental units (24 one-bedrooms, 39 two-bedrooms
and 2 three-bedrooms)
Tenants: Medium-and low-income families and individuals
Cost to build: $15.9 million
Funding partners: CMHC Rental Construction Financing
initiative (RCFi) and SEED funding ($15.05 million); equity investment
($850,000)
Construction timeline: July 2020 – Winter 2021
More than bricks and mortar
“Home is more than bricks and mortar,” says Aaron Morris, Horizon Housing’s
Director of Development and Strategy. “It’s also the support systems we build
and the communities that we feel connected to.”
“Home is more than bricks and mortar. It’s also the support systems we
build and the communities that we feel connected to.”
Horizon Housing has been building affordable, sustainable and inclusive homes
for more than 45 years. Located next to Calgary’s Pinecliff Park, the
Pineridge project is within walking distance to schools, grocery stores,
transit, green spaces and other amenities. This makes it an ideal location for
residents of all ages and backgrounds to engage in the local community.
The Pineridge project in Calgary, AB. Source: Horizon Housing.
A diverse and inclusive community
The goal for the project was to create affordable rental housing for
Calgary’s most vulnerable families and individuals. This includes
Indigenous persons, seniors, newcomers and refugees, youth who are leaving
foster care, families living below the poverty line and people who are exiting
homelessness, recovering from addiction, fleeing domestic violence or living
with a disability.
“According to the Calgary Homeless Foundation’s
2018 Point-in-Time Count, every night, more than 2,900 Calgarians are homeless,” says
Horizon’s Donor Relations Associate, Che Greywall. “The City of
Calgary’s latest
Housing Needs Assessment
also predicts that, by the year 2025, approximately 100,000 households across
the city will be in core housing need.”
To help meet this growing need, Pineridge uses a mixed-income model that
provides greater benefits for both residents and the surrounding community.
“A mixed-income model gives people the opportunity to participate fully
in their communities,” Aaron explains. “It also helps reduce the
stigma vulnerable groups may otherwise experience.”
“A mixed-income model gives people the opportunity to participate fully
in their communities. It also helps reduce the stigma vulnerable groups
may otherwise experience.”
“From a practical position, in a mixed-income model, higher rents for
some of the units can also help offset the cost of other units for those who
really need it. Ultimately, this lets us build more diverse, inclusive and
thriving communities.”
Affordable, accessible and environmentally friendly
Because of the mixed-income approach, the rents at Pineridge will be at least
10% below market rates for the area. At least 13 units will maintain rents at
or below 70% of 30% of the Median Household Income in Calgary for a minimum of
21 years.
Horizon also wanted to make sure that Pineridge would be accessible to
everyone. This meant incorporating features like:
common kitchen, patio and office spaces to foster
connections between residents
barrier-free common areas
secure underground parking and bike storage
accessible and adaptable design, including seven fully
accessible units, two universally designed units and two units that are
adaptable to the needs of people with a disability
The team also implemented several energy-efficiency features to reduce energy
consumption by 22.5% and cut greenhouse gas emissions by 17.9% relative to the
2015 National Energy Code.
The power of partnership
To fund the project, Horizon Housing raised $850,000 through its own
fundraising efforts. The rest of the $15.9 million budget came from CMHC SEED
funding and the
Rental Construction Financing initiative (RCFi).
Rental Construction Financing initiative (RCFi)
The
Rental Construction Financing initiative (RCFi) provides
low-cost loans to help build affordable and sustainable rental housing for
middle-and low-income Canadians. Part of the federal government’s
10-year, $70-billion National Housing Strategy (NHS), RCFi
loans offer:
10-year terms and up to a 50-year amortization period
fixed interest rates during the most risky stages of
development
interest-only payments during construction through to
occupancy permit
up to 100% loan to cost for residential space
“Over the past year, we’ve seen just how critical housing is to
the wellbeing of people in general, and vulnerable people in
particular,” says Martina Jileckova, CEO of Horizon Housing.
“Thanks to CMHC and the City of Calgary, we are excited to be building
quality homes that will offer more sustainable and affordable housing options
for Calgarians of all ages and life circumstances.”
“Over the past year, we’ve seen just how critical housing is to the
wellbeing of people in general, and vulnerable people in particular.
Thanks to CMHC and the City of Calgary, we are excited to be building
quality homes that will offer more sustainable and affordable housing
options for Calgarians of all ages and life circumstances.”