The Calgary Homeless Foundation and the RESOLVE Campaign are joining forces in the development of an assisted-living apartment in the Beltline for 30 formerly homeless individuals.

“The Government of Alberta is proud to support Stepping Stone Manor, and future apartment buildings that help low-income Albertans obtain affordable housing,” said Greg Weadick, acting minister, Municipal Affairs.

Stepping Stone Manor will be the first of eight buildings to be constructed in the next four years with funding from the Alberta Government and 12 local builders. RESOLVE is a community driven campaign with nine partners collaborating to raise $120 million to leverage government commitments and create a variety of affordable rental housing units for Calgarians who are homeless or at risk of losing their homes.

Donors to the project include Cedarglen Living Inc., Albi Homes Ltd., Brookfield Residential, Calbridge Homes, Cardel Lifestyles, Centron Group of Companies, Homes by Avi, Hopewell Residential, Jayman Group of Companies, Morrison Homes, Qualico and Shane Homes Ltd.

Read more about the development in this Friday’s issue of the CREBNow real estate news.