Affordable Housing Information
What is Affordable Housing? Housing is defined as being affordable if a household spends no more than 30% of its gross income on rental payments or 32% on home ownership costs. These costs include mortgage, heat, property taxes, and if applicable, 50% condo fees.
Affordable Housing in St. Albert
|Big Lake Pointe - 12 Nevada Place: http://biglakepointe.com ( External Link )|
|Sturgeon Foundation (for seniors over 65): http://www.sturgeonfoundation.com/NorthRidge.html ( External Link )|
|Habitat for Humanity (for families with children under 18): http://www.hfh.org ( External Link )|
|Basement Suites - individual landlords are offering suites for rent through the Basement Suite Grant Program. These suites are privately advertised and operated.|
Affordable Housing in the Capital Region
|Capital Region Housing Corporation Rental Opportunities ( External Link )|
|Other Affordable Housing Providers within the Capital Region ( External Link )|
St. Albert Housing Programs
|St. Albert Basement Suite Grant Program|
|St. Albert Rental Assistance Program ( External Link )|
|Capital Region Rental Assistance Program ( External Link )|
|Home Ownership Education (HOME) Program ( External Link )|
The HOME Program has been developed to assist moderate income individuals and families to become homeowners. This program provides home ownership education, referrals, one-on-one counseling, downpayment assistance, matching housing product and housing professionals, and ongoing support. Counseling and follow-up sessions are essential elements of the program to ensure the families/individuals receive the necessary resources, support, and advocacy in the process towards home ownership.
Affordable Home Ownership Education Workshops cover topics that the potential homeowner will need to be aware of and understand prior to purchasing a home. Topics include:
|Are you ready for homeownership? (is this right for you?)|
|Affordability - Budgeting, now and as a homeowner|
|Credit Rating and Debts|
|Finding a Home|
|Finance - Mortgages, mortgage process|
|Being a Homeowner - utilities, repair, maintenance, etc.|
Free workshops are held twice a year in St. Albert, and at various times of the year in Edmonton. For further information on workshop dates and to register for the Program visit:
Housing Resource Links
|Essential Information on Renting or Buying a Home in Alberta ( External Link )|
|Rental Accommodation in St. Albert ( External Link )|
|Housing Fact Sheet: Home Ownership ( PDF - 0.6MB )|
|Housing Fact Sheet: Seniors ( PDF - 0.6MB )|
|Housing Fact Sheet: Rental ( PDF - 0.6MB )|
|Home Purchase Cost Estimator ( External Link )|
Other Housing Assistance Programs
|The Homebuyer's Plan ( External Link )|
The Homebuyer's Plan allows you to withdraw up to $25,000 from your registered retirement savings plan (RRSP) to buy or build a qualifying home for yourself or a related person with a disability.
Studies and Reports
|Affordable Housing Strategy ( PDF - 0.8MB )|
|Community Land Trust ( PDF - 0.2MB )|
|Community Housing Plan ( PDF - 0.1MB )|
|Affordable Housing Delivery Model ( PDF - 0.8MB )|
|Community Housing Plan background documents|
|Report #1 - Affordable Housing Models ( PDF - 0.5MB )|
|Report #2 - Municipal Financial Incentives ( PDF - 0.1MB )|
|Report #3 - Municipal Land Use Incentives ( PDF - 0.1MB )|
|Report #4 - Municipal Housing Offices Research Summary ( PDF - 0.1MB )|
|Report #5 - Affordable Housing Update ( PDF - 0.2MB )|
Affordable Housing Organizations
|Habitat for Humanity ( External Link )|
|St. Albert Housing Society ( External Link )|
|Sturgeon Foundation ( External Link )|
Housing NeedThere are three criteria for assessing housing need within a community (CMHC):
- Adequacy: Physical safety of a dwelling relative to the level of maintenance and repair.
- Suitability: A family's ability to afford the type of housing necessary to meet their needs, such as enough bedrooms relative to the size of the family living in the home.
- Affordability: The ability of a household to pay for an adequate, suitable dwelling appending no more than 30% of its gross income.
The St. Albert Affordable Housing Strategy (2005) suggests that 12 - 16% of St. Albert residents are in Core Housing Need, paying more than 30% of their income for suitable housing.
|Affordable Housing Continuum|
|Market Affordable Housing||Market Rental Housing
||Non-Market Affordable Housing
||Non-Market Community Housing|
|The lowest 25% of homes sold in any given year for households entering the housing market or downsizing.
||Rental rates are established based on market demand and supply.
In St. Albert, 12% of the dwelling units are rented, based on the 2005 census.
|Housing provided on a rent-geared-to-income basis, may include government subsidies covering a portion of the rent if the household spends more than 30% of their income on housing and their income is below the CNIT level for the household type. No requirement for in situ support services.
May also include ownership models that provide controls on the resale price and/or ownership of units based on the household's income.
|Stable and supportive housing providing a safety net for those in need of support services in addition to housing.|
Housing provided on a rent-geared-to-income basis through direct capital or operating subsidies from any order of government.
Can include both short-term and long-term housing.
Core Need Income Thresholds (CNIT's) are established on an annual basis by Canada Mortgage and Housing Corporation and Alberta Housing and Urban Affairs. Households with annual incomes equal to or less than CNIT are said to have insufficient income to afford the on-going costs of suitable and adequate rental units in their area. Incomes below this level may be eligible for rental subsidies. For more information, visit Alberta Housing & Urban Affairs's CNIT information ( PDF - 0.1MB ).
2013 Core Need Income Threshold Rent Levels
|2013 Core Need Income Thresholds (CNITs) for St. Albert|
|Bachelor||1 - bedroom||2 - Bedroom||3 - Bedroom|
|$775/month rent||$900/month rent||$1,113/month rent||$1,400/month rent|
For more information please contact:
Planning & Development
Second Floor, 5 St. Anne Street
St. Albert, AB T8N 3Z9