A private Edmonton developer has received grant money from the city and is turning the old downtown YMCA building into affordable housing.
Investment Program grant money from the city and is turning the old downtown YMCA building into affordable housing.
“I’m thrilled to see housing providers and developers step forward to be part of the solution,” Sohi said. “With COVID and some of the challenges downtown has faced, we didn’t feel the time was right to start a development of this size,” Ivan Beljan, CEO of Beljan Development, said. Private developer Beljan Developments partners with the City of Edmonton to turn former downtown YMCA into affordable housing. Nov. 6, 2023.The City of Edmonton has a goal of creating 2,700 new affordable housing spaces between 2023 and 2026.Leston Holdings will receive $9 million toward the construction of a new mixed-market apartment complex in the Edgemont neighbourhood in the city’s southwest.
“If we think governments are going to solve this problem, they’re not. It’s going to take a concentrated effort from every Edmontonian from every walk of life to solve this crisis.”Soroka called on faith communities, the business community, individuals, philanthropists, innovators and entrepreneurs to gather their resources and focus their attention on housing.
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