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 $1.26 million to two new residential developments through this program. This will attract over $275 million in private investment and add approximately 600 units of housing. Those developments include:
Cantiro 4th Ave Tower (410 6 St S.W.) – A 30-storey mixed-use development with 315 rental units. Set to open in 2028.
526 4 Ave S.W. – A 34-storey mixed use development with 268 rental units. Set to open in 2027.
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.
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.
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:
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Complete missing Plus 15 links
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Install accessibility, wayfinding and security improvements
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Complete emergency repairs
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Assess bridge conditions