In a news release on Monday morning, the province said it will use 2.3-hectares of land between Palliser Trail and the Trans-Canada Highway to plan, design and approve an affordable housing project.
According to the Alberta government, the land has an estimated value of $8.7 million. It will be reserved for three years and transferred to the Town of Canmore to enable the development once the design and planning phase is done.The project is part of Alberta’s 10-year affordable housing strategy Stronger Foundations. The strategy promises to build 250,000 more affordable housing units across the province by 2031 by partnering with municipal governments and community organizations.
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