Holyrood neighbourhood will soon be home to Edmonton's newest supportive housing development.This will help house “at least” 63 vulnerable individuals in a new 12-unit building.

MP Randy Boissonnault made the announcement on Friday, along with Edmonton Mayor Amarjeet Sohi

The development at 94 Avenue and 83 Street is part of the federal government's rapid housing initiative.

Member of Parliament Edmonton Centre Boissonnault said the $4 billion initiative will see 15,000 units built in Canada.

"These are affordable homes for people who need them the most and who need them urgently," he told reporters.

"This is just the latest rapid housing project that is being built in Edmonton. It will certainly not be the last."

"Like many cities across Canada, houselessness is one of the most significant issues currently facing Edmonton," Sohi said.

He said 2,700 units of affordable housing have been built in Edmonton in recent years, and the city has committed to build 3,600 more, including the Holyrood development.

More than 3,100 people in Edmonton have no permanent home, according to the most recent numbers from the city.