Visionstate Corp.'s Portfolio Company,Sol Spaces, Partners with Diplomat Consulting to Tackle Homelessness andAffordable Housing Crisis in Edmonton
Edmonton, Alberta/ TheNewswire / March 12, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the“Company”), is proud to announce that its portfolio investment company, SolSpaces Inc., has entered into a strategic agreement with Diplomat ConsultingInc. (“Diplomat”) to represent Sol Spaces as it endeavors to deploy transitionalhousing options to address homelessness and affordability challenges inEdmonton, Alberta.
Diplomat, renowned for its expertise inregulatory intelligence, communications, and corporate development, will play apivotal role in advocating for Sol Spaces' innovative solutions in transitionaland affordable housing. Sol Spaces specializes in leveraging technology andintelligent design to construct modern living spaces tailored to meet theunique needs of transitional housing and affordable housing initiatives.
In Edmonton, where homelessness has reached astate of emergency, Sol Spaces stands ready with its modularized studio livingspaces, poised to offer a scalable solution to the pressing housing crisis.Utilizing cutting-edge technologies such as IoT and AI, Sol Spaces ensuresoptimal building performance from inception, providing residents with safe,comfortable, and sustainable living environments.
" We are excited to work with Sol Spaces,an innovative technology focused building provider based in Edmonton,"said Nathan Mison, President of Diplomat. "By placing the best of today’smodern technologies directly into their building structures, this will increaselivability, sustainability, and long-term affordability. As we continue tousher in the modern digital era, technological innovations need to be the newnorm in all industries, housing included."
Elliott Putters, President of Sol Spaces,emphasized the company's dedication to making a meaningful impact throughcommunity-driven approaches, stating, "At Sol Spaces, we believe in takinga ground-up approach to address homelessness and affordability. Our mission isto create not just homes, but vibrant communities that empower individuals andfamilies to thrive."
The demand for transitional housing solutionsis staggering, with an estimated 230,000 Canadians experiencing homelessnessannually. To meet this growing need, Canada must build an additional 3 to 5million units of affordable housing by 2023. Recognizing this urgency, thefederal government recently granted the City of Edmonton $175 million toaddress homelessness and housing affordability.
For more information about Sol Spaces and itsinnovative housing solutions, please visit www.solspaces.com.
