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Calgary Secures $64.7M Housing Fund, New Zoning Rules

Calgary Secures $64.7M Housing Fund, New Zoning Rules

Published 3 weeks, 1 day ago
Description

Calgary secures $64.7M from Housing Accelerator Fund, totaling $251.3M, despite scrapping citywide rezoning plan. Mayor Farkas hails it as proof their approach is effective. Council reverts over 300,000 properties to low-density zones. Final payment due in 2027 comes with a new zoning setup allowing at least four units on most lots, with a solid plan due by October 2026. Calgary builds 61,000 units since 2023, including thousands of affordable ones, setting up for balanced growth.

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