The federal government and Alberta are pledging to build at least 1,460 affordable housing units across the province.
Ottawa will provide up to $220 million through Build Canada Homes, a federal agency formed to speed up the delivery of the housing, while Alberta will pay up to $165 million.
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The governments are expecting to receive $238 million from other sources.
A news release says the 21 planned housing projects will include supportive and transitional housing.
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There is a target of building at least 500 homes using modern methods of construction, including off-site and factory-built approaches.
Build Canada Homes and Alberta will also establish a “joint collaboration table” to identify priority projects and coordinate investments.