Land for non-market housing
City of Calgary real estate transactions are normally negotiated on the basis of market value and in accordance with clearly defined Real Property Bylaw procedures and processes.
By Council policy, there is an exception to this practice; the Non-Market Housing Land Disposition Policy allows for the sale of up to 10 parcels of surplus City-owned land at below market value to experienced non-profit affordable housing developers every two years.
Non-market housing land disposition program
The first two land disposition events concluded in 2018 and 2020 allowing non-market housing providers to leverage The City’s contribution of $8.4M ($29,000 per door) to obtain approximately $41 million in philanthropic and federal funding. The first two land disposition events yielded 285 affordable homes for vulnerable Calgarians.
The third non-market housing land disposition event forecasts an additional 104 affordable homes (@ 800 sq. ft per home) with the hopeful opportunity to expand that deliverable through creative land use redesignations and building design formats. Find more information about the successful applicants here.