Downtown Development Incentive Programs
Below is a headline from the Calgary Herald, so you will have to visit them to read the article. However, I have included the City of Calgary link to the program for more information.
‘Calgary’s office conversion program is on pause. What’s next?
As the city looks to integrate its new housing plan into the office conversion program, developers say major public funding would be needed for conversions to become viable non-market housing
Calgary’s high-profile effort to convert empty offices blew through a major milestone recently when the city paused the program after maxing out its funding.
But the program is far from complete as the city waits for developers to finish construction and it moves to advocate for funding that would allow applications to reopen, leaving several questions about where the city goes next.’