More than $500M likely required annually for Calgary to meet affordable housing targets
Why This Matters
The City of Calgary's estimated annual funding requirement of over $500 million to meet its affordable housing targets underscores the significant financial burden associated with addressing the city's housing crisis. This substantial investment is necessary to bridge the gap between the city's current housing stock and the national average, highlighting the need for sustained government support and resource allocation. Meeting these targets will be crucial in ensuring Calgary's residents have access to affordable housing options.
The City of Calgary's housing strategy aims to build 3,000 new non-market housing units every year, which would bring the city to the national average.
Curation & Context
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