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Housing Capital Initiative (HCI)

Housing Capital Initiative (HCI)

As part of the Nov 2023 adjustments to The City’s Service Plans and Budgets, Council approved a $60M investment that is intended to be used by our partners to leverage capital funding from other orders of government to support the creation of new non-market housing.

Program details

The City is providing $60 million in funding for capital expenses over 3 years. This will help increase the supply of affordable housing with funding from other orders of government. This initiative's main goal is to increase non-market housing supply and to support Calgary households in need of more affordable housing options.

Benefits of the program include:

  • Providing financial support to housing partners to leverage funding from programs delivered by other levels of Government, public, foundations, philanthropic donors, and private industry, with the goal of increasing non-market housing supply in Calgary.
  • Housing insecurity and homelessness will be reduced.
  • Non-market housing supply will increase.

Access to housing helps maintain community and citizen safety for Calgarians. It contributes to mental and physical health. The HCI will improve access to affordable housing and reduce housing insecurity and homelessness for Calgarians.

HCI Information Sessions

We will be hosting two information sessions for interested applicants to discuss the Housing Capital Initiative. The dates for the sessions are:

  • July 30, 2024 at 11 a.m.
  • September 5, 2024 at 11 a.m.

Please register in advance if you would like to attend one of the sessions.

Register for Information Session July 30
Register for Information Session Sept 5

Application

For more information please email cpaffordablehousing@calgary.ca.

Download the Applicant Guide to learn more about the program criteria. To apply, download the intake form and proforma.

Applicant Guide
Intake Form
Proforma

HCI Background

The City has identified the need to increase non-market housing supply as a top priority. The funding will be delivered through a new, competitive  capital funding program called the Housing Capital Initiative (HCI).

The HCI is designed to support the objectives of The City’s Housing Strategy by providing support to housing partners to access funding. This initiative supports Outcome 1 of The City’s Housing Strategy, which is to increase the supply of housing to meet demand and increase affordability.

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