Calgary's $500M Housing Push | Calgary News

Calgary’s housing crisis demands bold action — city officials are eyeing a staggering $526 million annually to hit their ambitious goal of 3,000 new affordable homes per year, a plan that could house nearly 8,000 residents. With three funding tiers — “keeping the lights on,” “gaining footing,” and “building momentum” — council must choose how aggressively to tackle the shortfall, as rising land costs and stalled progress threaten to derail progress. Critics question if housing is truly the city’s responsibility, while experts warn that without local investment, federal and provincial support may never materialize — and that the long-term savings from preventing homelessness and reducing healthcare costs could outweigh the upfront cost. Budget talks begin in November. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/74c61a164a802df0