The City of Calgary’s Housing Incentive Program (HIP) was approved by Calgary City Council on February 22, 2016. The program is intended to encourage development of affordable housing and stimulate the economy. The program is funded by the Community Economic Resiliency Fund.
The program has two components:
- A grant of up to $50,000 to cover pre-development activities associated with an affordable housing project;
- A rebate on all City development fees related to an affordable housing project.
This is a limited-term project that covers fees and expenses incurred between January 1, 2016 and December 31, 2017.
This program is only available to non-profit organizations intending to build affordable housing projects in Calgary. Both affordable rental and affordable homeownership projects are eligible.
For rental projects to qualify:
- The average rent for the building must be no greater than 90 per cent of average market rent according to the most recent Canada Mortgage and Housing Corporation (CMHC) rental market report for Calgary or;
- The project is a long-term care or designated supportive living facility under applicable legislation and is offered at no more than the maximum accommodation charges for long-term care and designated supportive living established by the Government of Alberta from time to time;
- Affordable rental units must be operated as affordable for at least 20 years;
- Pro-rated rebates are available for projects with only a portion of the units or beds that qualify as affordable.
For affordable homeownership projects to qualify:
- The organization must have a mandate to provide affordable home ownership;
- The project must qualify for CHMC’s mortgage flexibilities for affordable housing program or meet the needs of household that would not qualify for conventional financing.
The first step is to fill out and submit an application form from below. Once approved, applicants will be required to sign legal agreements and provide supporting documentation to The City, such as invoices and rent rates charged.
Application forms and agreements
Program status update
The City’s HIP is active, with applications received and approved. As of August 2016, the program has committed funds to more than 400 new units and beds, including:
- 39 affordable homeownership units;
- 40 rental units;
- 241 dementia care beds;
- 27 supportive living beds; and
- 62 long-term care beds.
If you have questions or want more information please email firstname.lastname@example.org