Calgary officials address memo claiming federal housing funds ‘paused’ over rezoning repeal
NeutralWorld Affairs

- Calgary officials addressed a memo indicating that federal housing funds were paused due to a proposed repeal of citywide rezoning. The Canada Mortgage and Housing Corporation (CMHC) clarified that it is currently reviewing the details of the council's proposal and has not made any final decisions regarding the funding.
- The pause on the $129 million in federal housing funds is significant for Calgary as it could impact the city's housing development plans and overall budget. The city council is set to debate the motion to repeal the rezoning policy in December, which could further influence funding decisions.
- This situation highlights ongoing tensions in Calgary regarding housing policy and development. The decline in housing starts reported by CMHC and the potential risks to federal funding underscore the challenges faced by the city in balancing growth with regulatory changes, reflecting broader trends in urban planning and housing affordability.
— via World Pulse Now AI Editorial System

