Government of Canada Provides 207 Units of Rental Housing in Calgary

 The Canadian government invested $74.7 million to help construct a new residential building located at 1538 10th Avenue SW, known as Sunalta Heights Phase, in Calgary.

Sunalta Heights Phase 1, developed by Interloq Capital, is a 27-storey residential building that will provide 207 new units of rental housing. The building is within walking distance of the Beltline district, and the Sunalta LRT station, which is located 200m from the building.

Rendering of Sunalta Heights by Interloq Capital (CNW Group/Canada Mortgage and Housing Corporation)

“Every Canadian deserves a safe and affordable place to call home. That’s why, through new investments like Sunalta Heights by Interloq Capital, our government is taking action to not only increase the supply of new rental developments, but to also provide housing options that are closer to jobs, services and amenities that middle-class families in Calgary need,” says the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC).

The development will accommodate eight electric vehicle charging stations, underground parking, 150 secure bicycle stalls and a new transit stop along 10th Avenue. This project is located directly on a bicycle path, which is a part of the Centre City Cycle Track Network and recreational paths along the Bow River.

The building consists of 92 one-bedroom units, and 115 two-bedroom units. This includes two barrier free units, two adaptable and twenty two with enhanced accessibility features.

The project received funding through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program that supports rental housing construction projects to encourage a stable supply of rental housing for middle-class families in expensive housing markets.

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