Plus 15 Fund Offset Program

Plus 15 Fund Offset Program

The Plus 15 Fund Offset Program offers financial incentives to promote new residential development downtown. This program applies within the boundary of the Plus 15 area.

The City is contributing $1.9 million to three new residential developments through this program. This will attract over $350 million in private investment and add over 800 units of housing. Those developments include:

  • Cidex Development (425 5 St S.W.) – This project turns an underused site into a 234-unit community, boosting the downtown west end. Expected completion is 2028.
  • Cantiro 4th Ave Tower (410 6 St S.W.) – This 30-storey mixed-use tower will add 315 premium rentals, 10,000 sq. ft. of commercial space, and unique wellness amenities. It will also include a plus +15 connection when it’s complete in late 2027.
  • 526 4 Ave S.W. – This development is a 268-unit mixed-use residential tower. It is set to open in 2028.

This program aims to increase economic activity, vibrancy, and safety downtown through:

  • Encouraging new housing developments,
  • Increasing the downtown population,
  • Creating more businesses and things to do downtown,
  • Supporting property values, and
  • Improving the downtown experience for Calgarians.

Program eligibility

Program area

Projects within the Plus 15 boundary on the map are eligible.

Map of the Plus 15 boundary in downtown Calgary

Program criteria

To be eligible to receive reimbursement, a project:

  • Must be a residential project, excluding hotels.
  • Is required to contribute to the Plus 15 Fund.
  • Must not have started development.

Reimbursement details

The fund amount will be reimbursed when the development is ready for occupancy.

How to apply

For more information or to begin an application, please email adam.sheahan@calgary.ca or downtownstrategy@calgary.ca. 

Terms of reference

Learn more about the program, criteria, and application process. 

Download Terms of Reference

What is the Plus 15 Fund?

The Plus 15 Fund includes contributions from new developments within the Plus 15 network Plus 15 network. These are used to:

  • Complete missing Plus 15 links

  • Install accessibility, wayfinding and security improvements

  • Complete emergency repairs

  • Assess bridge conditions

This information has no legal status and cannot be used as an official interpretation of the various bylaws, codes and regulations currently in effect. The City of Calgary accepts no responsibility to persons relying solely on this information. Web pages are updated periodically. ​

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