The City of St. Albert and Homeland Housing greatly appreciate the Government of Alberta’s announcement that it will be providing $14.5 million in funding to Homeland Housing in support of a commercial and 118-unit residential development at 22 St. Thomas Street. The funding is being provided through the Provincial Affordable Housing Partnership Program joint provincial and federal funding contribution, which combined with financing through CMHC’s Affordable Housing Fund, will permit a large portion of the units to be offered at below-market rates. 

"On behalf of St. Albert City Council, I want to express our sincere appreciation to the Government of Alberta and Government of Canada for providing $14.5 million in funding to Homeland Housing for its 22 St. Thomas Street Project,” says St. Albert Mayor Cathy Heron. “This project is one of Council’s top strategic priorities in 2025, and we are very pleased it will be moving ahead. I also want to recognize Homeland Housing’s strong leadership in planning this development, which will provide St. Albert with much-needed housing in the heart of our community, give residents more housing choices, and increase the vibrancy of our charming downtown.”

The 22 St. Thomas Street Project will provide 118 rental units at market and below-market rental rates, supporting residents of all ages. Income from ground-floor commercial spaces will offset the residential unit rental rates, increasing the number of affordable units that can be offered to the community. Many St. Albert residents, including seniors, single persons, and lone-parent families, struggle with finding affordable housing in our community, due to lack of availability of lower-cost housing choices. The need for affordable housing in St. Albert is growing and is compounded by rising rents and record low vacancy rates. One in six St. Albert renters is in core housing need.

"Affordable housing is more than just bricks and mortar—it’s about dignity, opportunity, and community,” says Raymond Cormie, Chief Executive Officer of Homeland Housing. “This partnership underscores what is possible when the City of St. Albert, Government of Alberta, Government of Canada, and community stakeholders come together with a shared purpose. By working collaboratively, we’re not just building homes—we’re building hope and creating a future where everyone has a place to belong.” 

Details of the provincial announcement can be found on the Government of Alberta’s website.
 

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