Mr. Speaker, with regard to (a) concerning the Housing Accelerator Fund, the total funding allocated to the City of Calgary amounts to $251,309,276. The City was allocated an additional $22,843,000 during the annual review process. Additional funding was awarded to the fastest growing communities that submitted new initiatives through the annual review process and met action plan commitments and unit targets. The City of Calgary has received $121,847,471 to date.
With regard to (b)(i), the first advance of $57,116,569 was disbursed on November 2, 2023. With regard to (b)(ii), subsequent payments were made as follows: $57,116,569 on January 9, 2025; and $7,614,333 on March 3, 2025.
With regard to (c), yes, the first advance has been fully disbursed. Currently, two disbursements remain, contingent on satisfactory progress as determined during the annual review process.
With regard to (d), detailed progress updates can be found on the Canada Mortgage and Housing Corporation website at https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/housing-accelerator-fund/housing-accelerator-fund-progress.
With regard to (e), the City of Calgary has allocated approximately $124 million of the Housing Accelerator Fund funding towards incentives to support office to residential conversions, market and non-market housing and infrastructure programs.
The City of Calgary’s action plan contains several initiatives that have direct incentive components.
The Accelerate Housing Delivery in the Downtown initiative willrevise guidelines for the Downtown Calgary Development Incentive Program and provide additional funding to support the conversion of surplus office space.
The Promote Missing Middle Land Use Districts initiative will create a Stormwater Incentive Program to assist developers with the costs of utility upgrades required to support additional density.
The Incentivize Legal Secondary Suites initiative is a new incentive that is expected to significantly expand the supply of legal, registered secondary suites and will help homeowners with safety and other upgrades.
The Build Inclusive and Equitable Affordable Housing Programs initiative will refresh the Housing Incentive Program, create a new Indigenous capital grant program and provide funding to support the sale of surplus City-owned lands to non-market housing providers.