What HomeSpace Society does

HomeSpace Society is a Calgary-based registered charity founded in November 2016 to build, maintain, and manage non-market affordable housing for vulnerable Calgarians. The organization operates a portfolio of over 927 housing units across 35 properties spanning 26 communities, serving more than 1,300 residents at rents averaging 46% below market rates (30% on the website headline). Its model is structured around property ownership paired with embedded social-service delivery: each building houses a partner agency that provides wraparound supports to residents, with 23 social-serving agency partners (Alpha House, The Alex, CUPS, Inn from the Cold, Trellis, McMan, SHARP Foundation, Vecova, Enviros, Closer to Home, and others) operating within the portfolio. Residents are referred exclusively through Calgary's centralized Coordinated Access and Assessment system operated with the Calgary Homeless Foundation, rather than through direct application.

The portfolio spans a range of housing typologies — apartment buildings (Legacy on 5th, Orion), lodging houses (Boreal Place), stacked townhomes (Norris House), family townhomes (Whitehorn, Evergreen), and the landmark Neoma building, Canada's first vacant-office-to-affordable-housing conversion completed in 2022. Recent additions include Hope Heights (35 units, opened November 2024) and Whitehorn (52 units, completed 2026), with active pipeline projects at Meridian Permanent Supportive Housing (~56 units), Evergreen Family Townhomes (45 units), and the 1000 8th Avenue office conversion (64 units).

HomeSpace is funded through a three-stream model: below-market rental income from residents; multi-tiered government grants (Government of Canada via CMHC, Government of Alberta, City of Calgary) including the Housing Accelerator Fund and Rapid Housing Initiative; and private philanthropy. The RESOLVE Capital Campaign raised $74 million and delivered 458 homes across 13 buildings. The organization employs 26 full-time staff led by CEO Bernadette Majdell, who helped author Calgary's 10 Year Plan to End Homelessness. Outcomes are documented through a Calgary Homeless Foundation-cited finding that Housing First programs reduce public systems usage by 41%, delivering $1.16 to $2.86 in system savings per $1 spent.

Name

HomeSpace Society

Legal name

HomeSpace Society

Website

https://homespace.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

HomeSpace Society is a Calgary-based charity that builds, owns, and manages a 927-unit non-market affordable housing portfolio across 35 properties, serving over 1,300 vulnerable residents at rents averaging 46% below market, using a model that embeds 23 social-service agency partners into each building to deliver wraparound supports.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Other Community Housing Services (624229), Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing provider
• Non-market housing
• Supportive housing services
• Housing development
• Charitable housing organization

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Below-Market Rental Income: HomeSpace generates rental income from residents who pay monthly rent based on income levels, set below market rate (averaging 30% below market rent). This is the primary operational revenue stream for property management.
2. Government Grants and Public Funding: Significant revenue comes from government grants including the Government of Canada/CMHC, Government of Alberta, and City of Calgary. Projects are funded through programs like the Housing Accelerator Fund, Rapid Housing Initiative, and former RESOLVE campaign. Federal funding up to $861 million could be at risk if city council repeals the citywide rezoning policy.
3. Private Philanthropy and Donations: HomeSpace receives generous support from private donors and corporate sponsors including major donors like David Bissett, W. Brett Wilson, and various foundations. The RESOLVE campaign (Calgary's Collaborative Capital Campaign for Affordable Housing) raised $74 million and delivered nearly 2000 homes.
4. Donations and Charitable Contributions: HomeSpace accepts monetary donations from the public with tax receipts issued for donations at or over $25 through CanadaHelps portal. Special thanks are extended to monthly donors for their continued support.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

HomeSpace Society builds, maintains, and manages a portfolio of non-market (below-market) affordable rental housing for vulnerable Calgarians experiencing or at risk of homelessness. The organization owns and operates 927 units across 35 properties in 26 communities, serving more than 1,300 residents with average rents 46% below market rate. In each building, HomeSpace partners with a social service agency that provides wraparound supports to residents. The portfolio includes purpose-built apartments, townhomes, lodging houses, and office-to-housing conversions.

Product overview

HomeSpace Society is a Calgary-based charity that operates as an affordable housing provider, not a technology company. Their offering consists of non-market housing properties and supportive housing services. The portfolio includes over 900 units across 35 properties serving vulnerable Calgarians. Key products include: Neoma (82-unit office-to-housing conversion), Hope Heights (35-unit affordable apartments), Norris House (45-unit family townhomes), Whitehorn Family Townhomes (52 units), Meridian Permanent Supportive Housing (56 units in development), Evergreen Family Townhomes (45 units in development), 1000 8th Ave Conversion (64 units in development), Legacy on 5th (74 units), Orion (51 units), Boreal Place (25 units), The Triveri House (38 units), and The James House (27 units). Each property operates in partnership with social service agencies that provide wrap-around supports to residents. The organization provides housing at 46% below market rate on average.

Differentiator

Problem solved

Functional benefit

Products and services

• Neoma An 82-unit apartment building and family emergency shelter in downtown Calgary, completely renovated from a vacant 100,000 square foot, 10-storey office tower into affordable housing. Opened September 2022 as Canada's first office-to-affordable-housing conversion, featuring shelter, transitional housing, and permanent affordable housing units for vulnerable Calgarians.
• Hope Heights A 35-unit affordable apartment building in Crescent Heights, constructed in November 2024. Designed to accommodate women and children fleeing domestic violence, seniors, young adults, Indigenous Peoples, and people with disabilities, with over 30% of units fully accessible.
• Norris House A 45-unit stacked townhome development in Seton, completed October 2023 in collaboration with Brookfield Residential. Provides family housing with 29 three-bedroom units, 11 two-bedroom units, and five one-bedroom units, with rents 20% below market.
• Whitehorn Family Townhomes A 52-unit family townhome complex in Whitehorn, completed in 2026. Provides transitional housing for families with children at risk of or experiencing homelessness, with wraparound on-site support services.
• Legacy on 5th A 74-unit apartment building in downtown Calgary, built in 2021. Funded by Government of Canada, City of Calgary, and private donors through the former RESOLVE campaign. Resident referrals and social supports provided by partner agencies Vecova, Autism Calgary Association, Calgary Seniors' Resource Society, and New Age Services Inc.
• Orion A 51-unit apartment building in Calgary's Beltline, constructed in June 2021. Funded in part by the Government of Canada and the City of Calgary.
• Boreal Place A 25-unit lodging house in Forest Lawn, purchased and renovated in 2022. Funded in part by the federal Rapid Housing Initiative and the City of Calgary. Resident referrals and social supports provided by partner agency Trellis.
• The Triveri House A 38-unit apartment building in Forest Lawn, constructed in 2020. Provides affordable housing with youth programming, funded by Government of Canada, Government of Alberta, Calbridge Homes through the former RESOLVE campaign, and the City of Calgary.
• The James House A 27-unit apartment building in Hillhurst, built in 2020. Funded by Government of Canada, Government of Alberta, City of Calgary, and Logel Homes through the former RESOLVE campaign. Supports vulnerable Calgarians through partnership with McMan Family and Community Services Association.
• Affordable Housing Property Management HomeSpace builds, maintains, and manages non-market housing for vulnerable Calgarians. The organization owns and operates a portfolio of 927 units of housing in 35 properties throughout Calgary, serving over 1,300 residents, with rents on average 46% below market rate. Each property is paired with a partner social service agency delivering wraparound supports.

Quantifiable outcome

• 41% decrease in public systems usage for residents in Housing First programs
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and minor.

• Trellis SocietycoreStrategic or Co-development Partner · 10 February 2026Partnered with HomeSpace Society to receive funding through the City of Calgary's Downtown Non-Market Office Conversion Grant. Together awarded $10.3 million to convert nearly 100,000 square feet of office space into affordable housing units.
• Alpha HousecoreStrategic or Co-development PartnerHomeSpace's key agency partner providing social supports to residents in multiple properties including The Clayton, Francis Manor, Sunalta Lodging House, Madison, Providence House, and others. Alpha House provides referrals, income testing, and social supports to help residents maintain stable housing.
• The AlexcoreStrategic or Co-development PartnerSocial-serving agency partner operating supportive housing programs in HomeSpace buildings including Abbeydale and The Prelude. The Alex provides referrals, income testing, and social supports to vulnerable residents.
• CUPScoreStrategic or Co-development PartnerAgency partner providing social supports and community development services in HomeSpace properties including Longbow, Bankview, Claire, and Acadia Place. CUPS offers referrals, income testing, and community building support.
• Inn from the ColdcoreStrategic or Co-development PartnerKey partner for the Neoma project providing family shelter, transitional housing, and support services. Inn from the Cold partnered with HomeSpace on Canada's first office-to-affordable-housing conversion, raising $30M for the project.
• TrelliscoreStrategic or Co-development PartnerAgency partner providing housing support services in HomeSpace buildings including The Maple and Boreal Place. Trellis helps families and individuals access affordable housing and maintain tenancy.
• McMan Youth, Family and Community Services AssociationcoreStrategic or Co-development PartnerAgency partner providing referrals, income testing, supports and community building for residents at The James House and Hope Heights. McMan specializes in youth, family, and community services.
• The SHARP FoundationcoreStrategic or Co-development PartnerAgency partner providing social supports in HomeSpace properties including Croydon, Murray's House, and Stepping Stone Manor. The SHARP Foundation focuses on supporting vulnerable populations including those with addiction issues.
• VecovacoreStrategic or Co-development PartnerAgency partner providing housing supports at HomeSpace's Huntertown property and Legacy on 5th. Vecova offers services for individuals with developmental disabilities.
• EnviroscoreStrategic or Co-development PartnerAgency partner providing social supports at The Triveri House in Forest Lawn. Enviros offers homeless programs and community services to help residents maintain stable housing.
• Closer to HomecoreStrategic or Co-development PartnerAgency partner providing resident referrals, income testing, and social supports for Norris House in Seton and at Neoma. Closer to Home specializes in supporting families and children.
• Calgary Homeless FoundationcoreStrategic or Co-development PartnerThe backbone organization for Calgary's homeless-serving system. CHF operates the Coordinated Access and Assessment system through which housing is assigned, provides funding through capital campaigns like RESOLVE, and coordinates placement committee meetings matching people with appropriate care.
• Hive DevelopmentsminorImplementation/ SI/ Consulting PartnerSupporting HomeSpace with community engagement process for the Meridian Permanent Supportive Housing project. Hive Developments is assisting with stakeholder communication and engagement activities.
• Hopewell ResidentialcoreImplementation/ SI/ Consulting PartnerBuilder partner for Hope Heights project, generously donating $1.4M in building costs. Hopewell Residential is a Calgary homebuilder supporting HomeSpace's affordable housing developments.
• GGA ArchitectureminorImplementation/ SI/ Consulting PartnerArchitecture firm partnered with HomeSpace for the Evergreen Family Townhomes project, providing design services for the 45-unit townhome development.
• Brookfield ResidentialcoreImplementation/ SI/ Consulting PartnerDevelopment partner for Norris House in Seton, collaborating with HomeSpace to complete the 45-unit stacked townhome development. Brookfield contributed through the former RESOLVE fundraising campaign.

Scale indicators12 records

Recent moves14 records

Expansion highlights5 records

Broad incumbents

• BC Housing: Crown corporation managing subsidized housing across British Columbia. Operates a much larger portfolio with broader geographic scope than HomeSpace. Comparable as a major Canadian non-market housing provider with government funding relationships, though structurally larger and provincially mandated.
• Toronto Community Housing Corporation: Canada's largest social housing provider, operating over 50,000 units across Toronto. Comparable as a major urban Canadian non-market housing operator serving vulnerable populations, though operating at significantly greater scale and serving as a municipal corporation rather than a charity.
• Habitat for Humanity Canada: National non-profit affordable housing provider operating across Canada with a much broader geographic footprint. While HomeSpace focuses on rental non-market housing with wraparound supports, Habitat focuses on affordable homeownership — overlapping in mission and donor base, but a fundamentally different delivery model.

Emerging players

• Blue Door Shelters: Ontario-based non-profit operating emergency shelters, transitional housing, and supportive housing in York Region. Comparable as a Canadian non-profit affordable housing provider with a portfolio model and partnership-driven service delivery, though smaller and more regionally concentrated.

Direct peers

• Centretown Citizens Ottawa Corporation: Ottawa-based non-profit housing provider operating over 1,600 units of affordable housing across multiple properties. Highly comparable in operating model (non-profit, multi-property portfolio, partnership-based resident services), though serving a different urban market (Ottawa vs. Calgary).
• Calgary Homeless Foundation: The Calgary-based backbone organization for the homeless-serving system from which HomeSpace was spun off in 2016. Operates the Coordinated Access and Assessment referral system that feeds residents into HomeSpace housing. Most directly comparable as the originating ecosystem and current coordinating body.
• Inn from the Cold: Calgary-based charitable organization providing family shelter, transitional housing, and support services. Core HomeSpace partner agency and co-developer of the Neoma office-to-housing conversion. Comparable in mission, geography, and family-focused service model.
• Trellis Society: Calgary-area non-profit supporting families and individuals to access affordable housing and maintain tenancy. Active HomeSpace partner agency and co-recipient of the $10.3M Downtown Non-Market Office Conversion Grant. Directly comparable in service population and operating geography.
• Alpha House Society: Calgary-based charitable organization providing shelter, housing, and recovery services. Core HomeSpace partner agency operating in multiple HomeSpace properties (The Clayton, Francis Manor, Sunalta Lodging House). Comparable in mission, scale, and geographic focus on Calgary's vulnerable populations.

Regional players

• Atira Women's Resource Society: Vancouver-area non-profit providing housing and support services primarily to women and children fleeing violence. Comparable in mission and wraparound-support model, but operates exclusively in British Columbia rather than Alberta, making it a regional rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HomeSpaceyyc
• Facebookfacebook.com/homespaceyyc
• LinkedInlinkedin.com/company/homespaceyyc
• Instagraminstagram.com/homespaceyyc

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HomeSpace Society