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City’s Cornerstones Program Helps Build 27 New Affordable Apartments

January 23, 2012

27 new apartment suites will open with the help of the Cornerstones Affordable Housing Program funded by the City of Edmonton and the Government of Alberta.

Edward Street is a new $4.9 million affordable housing complex built by the Canadian Mental Health Association. The City of Edmonton and the Government of Alberta provided $11.85 million in block funding through the Cornerstones program to Homeward Trust Edmonton for allocation to individual projects that address the need for long term affordable housing.

Edward Street will allow people with low income and mental illness to obtain support and live independently in a safe, secure place they can call home. As of May 31, 2011, 2,622 safe, secure homes have been achieved for citizens and families in need under the City of Edmonton’s Cornerstones program, exceeding the goal set by Edmonton’s City Council of an additional 2,500 affordable homes completed by 2011.

“Edward Street is not only increasing the supply of affordable housing, but it will offer much-needed support to the most vulnerable in our city,” said Mayor Stephen Mandel. “When we can offer a roof over someone’s head, and the support to go with it, we’re helping people become part of their community again. We are revitalizing communities by investing in people.”

“The Alberta government is committed to helping our most vulnerable citizens through housing support such as the Edward Street project,” said Doug Griffiths, Minister of Alberta Municipal Affairs. “With a safe and stable home, individuals can build more independent, healthy lives, and we all benefit from stronger, more vibrant communities.”

“Long term, safe and affordable housing options for people living with mental illness create real opportunities for community integration and participation in community life,” said Ione Challborn, Executive Director of Canadian Mental Health Association – Edmonton Region.

The City of Edmonton’s Cornerstones Plan brings communities, businesses and governments together to develop affordable housing. Created by Edmonton City Council in partnership with the Government of Alberta and community organizations, the Cornerstones program supports Council’s strategic vision to improve Edmonton’s livability and manage growth.

The Cornerstones Plan is City Council's 5-year plan to increase the number of long term affordable housing units and advocate for increases in income supports and support services funding for lower income Edmontonians in need of housing. Cornerstones Program funding totals approximately $150 million.

Partners in the Edward Street project include the Government of Alberta, the Canadian Mental Health Association, Homeward Trust Edmonton and the Government of Canada.

For more information:

Daryl Kreuzer

Magharita Reghelini-Griffiths

Ione Challborn

Susan McGee