Nearly 50,000 Edmonton households are still in core housing need, including families with children.
To address all current housing needs in Edmonton, we would need:
To help fill this need, Edmonton’s non-profit housing providers and the City of Edmonton plan to build 5,000 new units of affordable housing in the next five years. Edmonton City Council has committed $140 million to this initiative, but we need $1.127 billion in provincial and federal investment to make it happen.
Here in Edmonton, we are ready, willing and able to build 5000 new affordable housing units in the next five years.
Our plan contributes to the fulfillment of federal and provincial affordable housing commitments.
Building affordable housing requires investment but maintaining the status quo costs more. Leaving just one person to fend for themselves on the streets can cost taxpayers up to $100,000 a year in emergency room expenses, law enforcement, and other preventable costs. On top of the cost to taxpayers, the strain on our healthcare and justice systems caused by unmet housing need makes it harder for those systems to work as they should.
Providing affordable housing is not only the most appropriate and effective way to address housing need – it’s also the most cost effective. An affordable home for one person only costs between $5,000 – $8,000 annually (Gaetz, 2012) and helps to reduce their reliance on emergency services and other public institutions.
Supporting affordable housing developments isn’t a handout – it’s an investment. According to the Government of Alberta’s economic multiplier analysis, every $1 invested in building affordable housing creates $1.74 in total economic output.
Edmonton’s plan to create 5,000 new affordable housing units will create 6,400 jobs, put $412 million into the pockets of working Albertans and contribute nearly $2 billion to Alberta’s GDP in the next five years.
|Institutional responses (e.g. hospitalization)||$66,000-$120,000|
|One emergency shelter bed||$13,000-$42,000|
|Transitional housing unit||$13,000-$18,000|
In a country as prosperous as Canada, no one should be left without adequate housing. Regardless of income, everyone deserves a safe place to call home.
We believe that people looking after one another is the mark of a strong community. We believe everyone has a right to safety, dignity and stability. We see those same values reflected in our provincial and national housing strategies, and look forward to working with the provincial and federal governments to make housing attainable for all Edmontonians.
We are leading providers of non-profit housing in Edmonton – and we’ve learned we’re most effective when we all work together. We formed our working group to tackle Edmonton’s urgent need for affordable housing and improve housing services for people and families in Edmonton who need them.
Our group is comprised of primary players in affordable housing provision in Edmonton. We have been collaborating and working hard together for many years to get to this position – and we are ready to go. We aren’t talking about years of planning and consultation – we’re talking about 5000 new affordable housing units in the next five years. With the support of Alberta and Canada, we will make this happen.