27 new apartment suites will open with the help of the Cornerstones Affordable Housing Program funded by the City of Edmonton and the Government of Alberta. Edward Street is a new $4.9 million affordable housing complex built by the Canadian Mental Health Association. The City of Edmonton and the Government of Alberta provided $11.85 million in block funding through the Cornerstones program to Homeward Trust Edmonton for allocation to individual projects that address the need for long term affordable housing. Edward Street will allow people with low income and mental illness to obtain support and live independently in a safe, secure place they can call home. As of May 31, 2011, 2,622 safe, secure homes have been achieved for citizens and families in need under the City of Edmonton’s Cornerstones program, exceeding the goal set by Edmonton’s City Council of an additional 2,500 affordable homes completed by 2011. “Edward Street is not only increasing the supply of affordable housing, but it will offer much-needed support to the most vulnerable in our city,” said Mayor Stephen Mandel.

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City’s Cornerstones Program Helps Build 27 New Affordable Apartments