Calgary Affordable Housing Foundation Launch
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•Business
Business & Economics
'A dire need': Calgary Affordable Housing Foundation launches with plans for 140 new units
70% Informative
The Calgary Affordable Housing Foundation officially launched its operations on Wednesday .
The foundation's first fundraising push will support projects from three affordable housing providers.
CAHF has set a goal of raising $30 million from donors over the next five years to support the construction of 1,000 additional units.
The organization emerged from the RESOLVE fundraising campaign that launched in 2012 .
The need for senior-specific housing in Calgary continues to grow, with the senior population expected to rise by 29 per cent over the next five years .
The agency currently has a waitlist of more than 1,000 seniors seeking affordable housing.
The formation of CAHF presents a “long-term solution” to addressing affordable housing concerns in Calgary .
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