Canadian Federal Government Pledges $56M for 199 Affordable Rental Homes in Edmonton
Project Overview
The Canadian federal government, in partnership with Rohit Group and Covenant, has announced over $56 million in funding to build 199 secure rental homes in Edmonton. The announcement was made by Caroline Desrochers, Parliamentary Secretary to the Minister of Housing and Infrastructure, on behalf of the Honourable Gregor Robertson, alongside Matt Jeneroux, Member of Parliament for Edmonton Riverbend.
Project Details
Project Name: Gilbertson Block
Address: 210 Lakewood Road East NW, Edmonton, AB
Building Height: 6 storeys
Number of Units: 199 secure rental homes
Federal Funding: $51.2 million through the Apartment Construction Loan Program (ACLP)
Expected Completion: Late 2027
Developers: Partnership between Rohit Group and Covenant
Amenities
The building will include:
- In-suite laundry
- Onsite gym
- Heated underground parking
- Air conditioning
- Tenant lounges
The homes will be located close to schools, a city recreation centre, restaurants and cafes, retail, and public transportation. The site is adjacent to Covenant’s new Stelmach Community Health Centre, which provides a broad range of outpatient and specialized health services.
Broader Significance
This project is part of the federal government’s broader efforts to respond to Canada’s housing crisis. Through Build Canada Homes, the government is working to increase the pace of affordable homebuilding and fight homelessness by building transitional and supportive housing in partnership with provinces, territories, municipalities, and Indigenous communities.
The new homes will be part of the broader Covenant Wellness Community, bringing health care, housing, community services and other supports together in one location. This integrated, community-based model is designed to better connect people with the care and supports they need to live well.
Caroline Desrochers, Parliamentary Secretary to the Minister of Housing and Infrastructure, said:
“Canada’s housing needs requires strong ideas and strong partnerships. By working alongside the private sector, we can help bring forward new approaches to housing to deliver more homes. This partnership is a great example of what we can achieve when governments and industry work together.”
Matt Jeneroux, Member of Parliament for Edmonton Riverbend, added:
“This project represents an important investment in our community, bringing much-needed new homes to market in a place where people can live, access services, and build strong connections. By integrating housing in areas with health supports, we are taking a more holistic approach to creating healthy, vibrant communities right here in Edmonton.”
Funding Source
The project is funded primarily through the federal government’s Apartment Construction Loan Program (ACLP), an important housing finance initiative under the Department of Housing and Infrastructure focused on supporting middle-class and affordable housing development.
SOURCE: Government of Canada via Newswire
Date: August 25, 2026