Federal Lands Initiative calls for proponents to acquire lots at the Village at Griesbach for affordable housing
Edmonton, Alberta – Jun. 11, 2021 - The Federal Lands Initiative, led by the Canada Mortgage and Housing Corporation (CMHC) with support from Public Services and Procurement Canada, Employment and Social Development Canada and Canada Lands Company, is seeking proponents to acquire properties at the Village at Griesbach to create affordable housing projects.
The two lots at 6440 Laubman Street NW and 6409 Laubman Street NW are in the north Edmonton community of the Village at Griesbach, a 620-acre/251-hectare neighbourhood master-planned by Canada Lands Company. The properties are currently vacant.
The Federal Lands Initiative is seeking proponents to make a significant investment to develop the properties into affordable housing projects. Proponents that have an interest in acquiring the lots are invited to submit an application and all supporting documentation via CMHC’s secure portal.
The Federal Lands Initiative is a $200-million fund that supports the transfer of surplus federal lands to eligible proponents to create affordable housing. To date, Canada Lands Company has enabled seven affordable housing projects through the initiative.
Since 1995, the company has facilitated the creation of more than 1,900 affordable housing units across Canada.