
DESCRIPTION
Westwinds D'Arcy Affordable Housing Townhouse will focus on underserved low- and modest-income populations, including individuals with physical and developmental disabilities , seniors, single adults and families - who are among the fastest-growing and most marginalized groups in Okotoks. Westwinds Communities is building a three story stacked townhouse development of 10 units. This project features: - 10 town house units, including two barrier free one-bedroom units, three main level two bedroom units and five stacked three bedroom townhouses. - All units contain in suite laundry, resilient flooring, five appliances and on site parking. The building in net zero ready.
DETAILS
Property Id
Phase
Development
Affordability Framework
Proposed rental rates are currently 10% below market rent in Okotoks. We would like to see them be 55% of market rent $850-$1,000 per month.
Target Completion Date
07-01-2026
Total Project Cost
$4,000,000.00
Total Units
10
Affordable Units
10
Populations Served
Women in need
Project Funding
Funding Required
Capital funding up to $1.95M to directly lower rental costs for tenants by up to 40%.
Funds Raised
Town of Okotoks $0.257M, Westwinds $1.7M, CMHC financing pending for $1.95M
Use of funds
Funds will be used for capital development and to off set the need for CMHC financing, which would lower rental costs for tenants by up to 40%.
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