A significant portion of federal housing funding earmarked for the City of Calgary has been put on pause, pending council’s upcoming discussion on citywide rezoning, Global News has learned.
In a memo to councillors and the mayor sent on Friday, obtained by Global News, city administration said the $129 million in Housing Accelerator Fund money designated for Calgary is “paused pending further clarity on the status of citywide rezoning.”
City administration said in the memo it was informed of the funding pause during a meeting on Friday morning with representatives from Canada Mortgage and Housing Corporation (CMHC).
According to the memo, if the issue isn’t “clarified” by the end of March, the city’s third installment from the fund “would be relinquished.”
Calgary was awarded $251.3 m

Global News Calgary

Calgary Sun
CityNews Calgary
The Babylon Bee
5 On Your Side Sports
Raw Story
The Daily Beast
AlterNet
New York Post
The Week