Ten affordable housing projects greenlit for surplus Edmonton school grounds
Edmonton Journal
AI Article Summary
Edmonton has approved the development of more than 1,300 housing units by selling 10 surplus school sites to developers at a price of $1 each. Out of these, 925 units will be dedicated to affordable housing. This decision aims to address housing affordability and improve living conditions in the city.
What This Means for Canadian Contractors
This project shows how city policies can facilitate affordable housing development by leveraging public land. For Canadian builders, this means potential fast-tracked permits due to reduced land acquisition costs. This initiative could lead to a surge in demand for labor and materials, impacting supply chain and project timelines.
