Special Needs Housing Programs

As of March 31, 2008, there is 1,617 special needs housing units subsidized by the provincial government. The federal government shares the subsidy costs on most of these units. In most cases, the subsidies allow the occupants to pay a reduced rent based on 30% of their adjusted family income.

The following Special Needs Programs relate to an existing portfolio.  The programs are not offered for new initiatives.

Municipal Non-Profit
The province provides a subsidy based on the difference between the principal and interest payment on the mortgage at the lender’s interest rate and that same mortgage amount at a two percent interest rate. This enables Calgary and Edmonton to provide affordable rental housing to a mixture of low, moderate, and mid-income tenants. The subsidy agreements are based over a 35-year loan period with the last agreement expiring in 2017.

Private Non-Profit Special Purpose
Eligible non-profit organizations receive a monthly subsidy equal to the difference between the principal and interest payment on the mortgage at the lender’s interest rate and that same mortgage amount at a two percent interest rate. The units under this program enable non-profit organizations to develop and manage projects, with on-site care services and facilities to residents with common physical, social, and emotional conditions or disabilities. Clients include the physically or mentally handicapped, victims of family violence, wards of the provincial government, the hard-to-house, and any other group having special housing needs. This program is cost shared with Canada Mortgage and Housing Corporation.

Public Non-Profit Special Needs
The units under this program are provincially owned and provide modest and affordable rental accommodations appropriate to the needs of low and moderate-income households, senior citizens, and physically handicapped or any other group having special housing needs. Rents are based on 30 percent of a household’s adjusted income. Operating deficits and amortization costs are cost-shared with Canada Mortgage and Housing Corporation.

Public Non-Profit Municipally Owned
This program provides monthly subsidies to municipalities to cover operating deficits, including the mortgage principal and interest payment based on eligible capital costs. Individuals who currently occupy a crowded or inadequate dwelling would be eligible for housing in these municipally owned units.  The operating deficits are cost-shared with Canada Mortgage and Housing Corporation.

Private Non-Profit
This program provides monthly subsidies to non-profit organizations to cover operating deficits, including a reserve allocation and the mortgage principal and interest payment based on eligible capital costs.  Individuals who currently occupy a crowded or inadequate dwelling would be eligible for housing in these units owned by private non-profit groups. The operating deficits are cost-shared with Canada Mortgage and Housing Corporation. Rents are based on 30 percent of a household’s adjusted income.