In Alberta, more than 164,000 households are in core housing need (spending 30% or more of total before-tax income to pay for housing), according to the 2016 Census. The 2018 Point in Time Count found 5,735 Albertans to be experiencing homelessness. Affordable housing saves money. Building affordable housing requires investment ($5,000 to $8,000 per year) but maintaining the status quo costs versus spending up to $100,000 per person per year in emergency room expenses, law enforcement, and other services. Investing in affordable housing is an opportunity to fulfill the Alberta government’s commitment to invest $1.2 billion to provide 4,100 new or renewed affordable housing units in the next three years. Supporting affordable housing developments is 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.
Do you like this page?