Calgary Secures $64.7M Housing Fund, New Zoning Rules

0:00Calvary just locked in his third chunk of federal housing cash from the Housing Accelerator Fund, totaling $64.7 million. Even after scrapping that citywide rezoning plan. The city pulled in $251.3 million overall from the fund so far with the first two payments hitting $100.22.9 million. Mayor Jerome Farkas calls it proof their approaches on point, building homes for every life stage without the blanket policy. Calgarians push back hard on rezoning every single family life for denser bills like duplexes. So Council hit reset earlier this month, reverting over 300,000 properties to low density zones. Now the final payment due in April 2027 comes with strings attached. Council must roll out a new zoning setup allowing at least four. Units on most lots citywide, with a solid plan by October 27th, 2026. This keeps the momentum on housing, where they've built 61,000 units since 2023, including thousands of affordable ones.

1:05Back by the fund, setting up Calgary to balance growth on its own terms. This has been Calgary News Today, powered by AI. I'm Cory with the story.