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Calgary may lose $129M in federal housing funds if it reverses zoning reforms, despite ongoing construction growth.
Calgary risks losing over $129 million in federal housing funds under the Housing Accelerator Fund if it rolls back its blanket rezoning policy, the CMHC warns, as the city weighs repealing measures meant to boost housing density and affordability.
While the federal government emphasizes outcomes over specific tools, officials stress compliance with HAF requirements hinges on progress in eliminating exclusionary zoning and accelerating housing approvals.
Meanwhile, Calgary’s residential construction boom continues, with over 6,000 new homes in development across downtown, the Beltline, and NoBow, driven by conversions of office buildings and major new towers.
Calgary puede perder $129 millones en fondos federales de vivienda si invierte las reformas de zonificación, a pesar del crecimiento en curso de la construcción.