what we do diagramhomeEd owns and operates 939 affordable rental housing units across Edmonton: ten apartment buildings, ten townhouse complexes, and multiple condo units located in thirty four condo complexes.

Fourteen of our properties were originally acquired under operating agreements with the Canada Mortgage and Housing Corporation (CMHC) and the Government of Alberta, and five properties were acquired through a combination of capital grants and homeEd equity and debt financing.

Our most recent acquisitions, purchased in 2019, were financed through the Cityof Edmonton and by an assumption of a Government of Alberta capital grant. We also manage a number of units on behalf of the City of Edmonton, including the City’s inclusionary affordable housing holdings.

As an organization we strive to maintain a break-even financial position with rental income as our primary source of revenue.