Downtown Calgary Development Incentive Program
No specific amount was identified.
Subsidy
Description:
The Downtown Calgary Development Incentive Program offers funding to downtown property owners to help them convert empty office spaces into residential units, co-living developments, hotels, schools and performing arts centres.
Comments on Funding:
The City will complete the payment of incentive funds once your construction obligations have been met, and in accordance with your funding agreement.
October 31, 2024
Eligibility:
Be located in the Greater Downtown Plan Area
Note: Projects located within the Priority Zone will be prioritized
Subject to the Terms of Reference, convert existing commercial office space and “non-residential” classified property to an eligible use:
residential units
co-living developments
hotels
schools
performing arts centres
Application Steps:
Applications to the program were accepted from September 19 to October 31, 2024. Applicants were sent confirmation of receipt by the Downtown Strategy team within 1 business day. Consult the program Terms of Reference and information on this website for general information about the program.
Documentation Needed:
Comprehensive Application Requirement List
Consent for Due Dilligence (Word)
Consent for Due Dilligence (PDF)
Other Things to Note:
If you have questions about general application scoring, the criteria being evaluated, and questions about the application process, you can reach out to the Downtown Strategy Team before applying.
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Maurice
