contains four studio units, four one-bedroom units, four two-bedroom units and four three-bedroom units. (Justin Pennell/CBC) City of Calgary to open new affordable housing units for first time in years The opening of a new affordable housing development in Crescent Heights was celebrated Wednesday, but officials say there's a desperate need for more buildings like it in Calgary. The 16-unit building is the city's first affordable housing project to open in the last five years. It will be managed by Calgary Housing Company, a city-owned corporation. Aging affordable housing gets $18M boost for repairs and renovations Sarah Woodgate, director of Calgary Housing and president of the Calgary Housing Company, said the new project is a mixed model, meaning people with a variety of income levels will call the building home. Some families will pay as little as $350 a month, while other tenants will pay 90 per cent of the market rate. That setup provides a sustainable operating model, Woodgate said. Officials on hand at the opening included Ward 7 Councillor Druh Farrell, MLA Sandra Jansen, Sarah Woodgate, director of Calgary Housing and president of the Calgary Housing Company, and mayor Naheed Nenshi. (Justin Pennell/CBC) Speaking at the building's opening, Mayor Naheed Nenshi said much work remains to be done as the waiting list for Calgary Housing numbers 4,000 households.
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