What is Affordable Housing?
As a general rule, Canada Mortgage and Housing Corporation measures affordable rental accommodation to be where monthly shelter, including rent, electricity, heat, water, and municipal services, is less than 30% of before-tax household income.
Okotoks, like many other towns and cities has a very tight rental market with low vacancy rates. Council has appointed an Affordable Housing Task Force to provide recommendations on a long-term strategy to increase affordable housing and create a more inclusive community for Okotoks.
The Task Force made a presentation at Council's November 13, 2018 regular meeting on the research they have conducted so far and made three recommendations based on their analysis:
Okotoks affordable and subsidized housing options are administered by Westwinds Communities, a not-for-profit Housing Management Body that works with partnering municipalities to provide safe affordable housing opportunities and access to rent supplement programs.
For information about Westwinds Communities and other housing options in the area, please consult the Community Resource Housing Directory below.