Council to mull property tax exemptions for non-profit housing providers

A proposed bylaw in Calgary aims to exempt non-profit housing providers from taxes on below-market units, effective in 2026. This initiative follows recommendations from the city's housing strategy and recent provincial legislation. The community development committee has endorsed the proposal, which would reduce operating costs for non-profits and support equity-deserving populations. Eligible properties must be rented below 90% of market rates. The bylaw could lead to a slight tax increase for other properties, but it is expected to enhance affordable housing options in the city.