Six lots on Cave Ave have been earmarked for the development of perpetually affordable rental accommodation. The Town of Banff negotiated the release of lots 145-155 Cave Ave with Parks Canada based on specific criteria for release, with the intent that the Banff Housing Corporation will manage and own the property post construction completion.
Current Status: Preliminary site analysis and geotechnical work has been completed, resident survey has been completed to determine potential interest in types of units and from a neighborhood perspective. In July 2019, Council directed administration to proceed with a housing project on Banff Ave first, all work on the Cave Ave project will be postponed to a later date.
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