Pre-Development

AB

D'Arcy Affordable Housing Apartment

$14,200,000

AB

Non-Market

Urban

40

Westwinds Communities

Housing Provider

DESCRIPTION

Westwinds D’Arcy Affordable Housing Apartment will focus on underserved low and modest-income populations, including individuals with physical and developmental disabilities, seniors, and single adults—including young adults—who are among the fastest-growing and most marginalized groups in Okotoks. Westwinds Communities proposes a 40-unit 4-storey affordable apartment. This project features: • 40 one-bedroom apartments, including 8 barrier-free units and 6 walkout-level units with private patios, designed for optimal use of space and accessibility; • A community multipurpose room with a reheat kitchen, an office for support staff, and a dedicated scooter storage for seniors or others with mobility issues; • Amenities for tenants include on-floor laundry, storage with 20 lockers, and an elevator to address accessibility and universal design requirements.

DETAILS

Property Id

Phase

Pre-Development

Affordability Framework

Proposed rental rates are 70% of median market rent in Okotoks.

Target Completion Date

12-31-2027

Total Project Cost

$14,200,000

Total Units

40

Affordable Units

40

Populations Served

Seniors and adults with disabilities

Project Funding

Funding Required

Capital funding up to $3.88M

Funds Raised

Alberta Affordable Housing Partnerships $3.3M, Donor $2M, Town of Okotoks $0.494M, Westwinds $1M

Use of funds

Funds will be used for capital development.

MAP