Calgary Secures Housing Funding, Drops Rezoning Policy

0:00Calgary City Council just dodged a funding bullet after scrapping that blanket rezoning policy and they're still getting their federal housing cash The Fed's confirmed the third installment of the Housing Accelerator Fund $64.7 million Thanks to a letter from housing Minister Gregor Robertson mayor dromi Farcus called it a huge win that shows the strong team up between city and federal levels This comes right after council voted on April 8th to reverse the old rezoning rule from last May Which aimed to boost density everywhere, but the deal holds as long as Calgary keeps zoning rules allowing at least four housing units By right on a majority of residential lots that unlocks the fourth and final payment another 64 million or so back in 2027 folks are breathing easier now ending months of worry that the city might lose up to $130 million total Farcus says Calgarians made it clear a one-size-fits-all approach didn't fit so they reset with a targeted homegrown strategy

1:02He's proud they've cranked out 61,000 new units since launching the homeless here plan in September 2023 leading the Country and housing starts per person the feds are on board with his nuanced path But they've laid down clear conditions for that last check By October 27th Calgary needs a solid replacement framework in place or well underway Committing to four units on a big chunk of lots city-wide Right now nearly half the city already allows it mostly in newer outer neighborhoods and they're eyeing a 50 50 split between sprawl and in-fill growth With this funding fueling programs like office to housing conversions Sweden's in is and over a 1,000 non-market units Calgary's housing push days on track the chief housing officers update hits council May 6th So expect more proof they're delivering for everyone from families to those needing Affordable spots stay in form of Calgary news today AI powered updates