Many hardworking Albertans are forced to spend more than 30% of their income on housing. Norwood Village Apartments will provide relief for some of these households. Half of the units will be offered at rents up to 15% below market rate. Based on this rent level, a household earning up to $36,000 would meet the eligibility requirements for a one-bedroom unit while a household earning up to $44,500 would be eligible for a two bedroom unit at the reduced rate.
There are thousands of ordinary Albertans with household income at these levels, struggling to find affordable accommodations. This would include students, seniors, lone-parent households or even some two-parent households. They could work in fields such as retail, not-for-profit, arts and administrative or food services. Norwood Village Apartments will be a safe, attainable choice for these households.