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Stories Tagged - crowd funding

Attainable Homes CEO David Watson stands outside of the not-for-profit organization's Mount Pleasant 1740 project. Watson said local agencies like his are being forced to be more creative in addressing the city's affordable housing needs. Photo by Wil Andruschak, for CREB®Now.
News

July 28, 2015 | Barbara Balfour

Outside-of-the-box look at affordable housing?

From shipping containers to crowd funding

A continuous decline in affordable housing, along with an increase in the populations who need it, is forcing Calgary agencies to seek creative solutions.

"I'm looking for anything that can help us provide housing in a more economical way," said David Watson, president and CEO of Attainable Homes Calgary, a not-for-profit that helps Calgarians at a moderate income level get on the property ladder. "The more ideas we can bring to the table to reduce the costs of houses, the better."

The citywide benchmark price for homes in Calgary in June totaled $455,400, a figure that puts housing firmly out of reach for many vulnerable Calgarians.

Meanwhile, the average rent for a two-bedroom apartment in the city rose by almost six per cent in the 12 months leading up to April 2015, according to Canada Mortgage and Housing Corp.

To address the crisis, Watson's organization is looking at all its options, including repurposing surplus shipping containers from China that are brought in by rail from Vancouver to Alberta. Carstairs-based Blocks Modular, for example, is currently turning the containers into stackable living spaces at a fraction of the cost of traditional homes.


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