The province announced $444 million in rent support is coming to 35,5000 Alberta households.
The funding will help low-income households afford their rent.
Dubbed the Canada-Alberta Housing Benefit, the federal government and the province will each be kicking in $222 million.
“When we set out to redesign Alberta’s Rent Supplement Program, we had the current and future needs of Albertans in mind,” said Josephine Pon, Alberta’s Minister of Seniors and Housing.
“That’s why we’re taking another significant step toward our goal of building strong communities where Albertans continue to prosper and thrive, now and for generations to come.”
The benefit program supports Alberta’s existing rent supplement and rent assistance programs.
More than 24,000 households in Alberta are currently waiting for affordable housing, said the provincial release; 7,600 are receiving rent assistance.
“This is the National Housing Strategy (NHS) at work,” said Pon.
The federal strategy includes first-time home buyer incentives, as well as modernizing existing housing and financing affordable housing in Canada.
Alberta’s 2021 budget increased the rent supplement program budget by $16 million for a total of $67.5 million.
Jesse Boily, Local Journalism Initiative Reporter, Town & Country News