City of Edmonton launches $1.5-million grant program to convert problem properties into affordable housing

Agencies with a background in affordable housing management will be eligible for up to 40 per cent of construction costs for the redevelopment of up to five residences as part of the new housing redevelopment grant program. Dubbed problem properties, homes that have been abandoned and used for drug labs or squatting have been a longstanding issue in Edmonton’s core. This grant program, approved by council last June, is one part of a 30-point plan to address these properties.