City hits housing target ahead of schedule
The City of Calgary is celebrating surpassing its housing supply growth target one year ahead of schedule.
It received over $250M from the federal Housing Accelerator Fund (HAF) since 2023.
With it, the city is working to develop more than 44,000 units, which will house over 100,000 people.
The most recent target was set at over 42,500 units.
'In just 20 months, the city has already incentivized the delivery of more than 44,000 units, achieving 104 per cent of our goal,' said Reid Hendry, City of Calgary.
Some of the projects are complete, while others are in the planning stages like a new one announced Wednesday, located on a plot of land across from the Heritage LRT station.
Once complete, it'll have nearly 200 units of non-market housing.
'This will very soon be a place for families to put down roots. Where seniors can find stability. Where newcomers can begin a brand new chapter. Where Calgarians of all backgrounds, can feel at home,' mayor Jyoti Gondek said.
Calgary is in a housing crisis, and the city estimates over 100,000 households need a more affordable option.
The 2026 federal and civic censuses will give a better picture of Calgary's supply needs.
Mayor Gondek confirmed on Wednesday that future federal HAF funding is not dependent on the city keeping the blanket rezoning bylaw in place.
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