This program is currently between intakes. Applications are accepted only during announced windows. The most recent window ran June 15 to July 27, 2026 with $25M available; the program is not accepting applications now. Confirm on the official site ↗
Updated August 2026 · Verified against The City of Calgary — Downtown Strategy guidelines
Reimbursement Est. 2021
Grant Municipal Between Intakes

Downtown Office Conversion Program (Calgary)

The City of Calgary — Downtown Strategy
Maximum Funding
$75 per square foot of converted office space...
Closed — the last application window ran June 15 to July 27, 2026. No new win...
Visit Official Program →
Difficulty
Hard
Payment
Reimbursement
Trend
Stable
First-Timers
Co-Funding
Varies
Downtown Office Conversion Program (Calgary) provides up to $75 per square foot of converted office space (multi-residential, hotel, and approved other uses), plus $50 per square foot for active uses at ground and Plus 15 levels — to a maximum of $12 million per application unless Council approves a greater amount. The City of Calgary pays downtown property owners a per-square-foot incentive to convert existing commercial office space into residential units, hotels or other approved uses. Closed — the last application window ran June 15 to July 27, 2026. No new window is announced..
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Eligibility & Details

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Program Description

The City of Calgary pays downtown property owners a per-square-foot incentive to convert existing commercial office space into residential units, hotels or other approved uses. The rate is $75 per square foot of converted office floor area (plus $50 per square foot for active uses at ground and Plus 15 levels), to a maximum of $12 million per application unless Council approves more. Renamed from the Downtown Calgary Development Incentive Program when Council approved updated Terms of Reference in May 2026; the June 15 – July 27, 2026 application window has closed.

Eligibility Requirements

  • Applicant must own the building, or demonstrate a path to ownership with a letter from the current owner authorizing the application and attesting to the proposed sale — leaseholders and tenants cannot apply.
  • The project must be located in Calgary's Greater Downtown Plan Area; projects inside the Downtown Core 'Priority Area' are considered for funding ahead of projects outside it.
  • At the time of submission the property must be classified by The City of Calgary as commercial office use and as 'non-residential' property for assessment and tax purposes.
  • The project must convert existing office space to an eligible use: multi-residential development/dwelling units, hotel, or an 'other use' within the scope of the program (student housing, seniors housing, co-living, life sciences, self-storage, K–12 schools, performing arts and cultural uses).
  • New construction and additions to existing buildings are out of scope.
  • Buildings already being converted from non-residential to residential assessment class are out of scope.
  • Projects within the scope of the Downtown Post-Secondary Institution Incentive Program are out of scope for this program.
  • Property owned by any municipal, provincial or federal government, or any subsidiary or affiliate, is out of scope.
  • Applicants (or affiliates) under an unremedied notice of default, or whose prior City conversion funding agreement was terminated, are out of scope until the issues are resolved to the Director's satisfaction.
  • Applications must pass three pass/fail preliminary gates — complete submission, legal due diligence, and financing plan/financial capacity — before any scoring occurs.
  • Crowdfunding is not an acceptable source of project equity.
  • For 'other uses', the applicant must state the incentive rate it is requesting; where two applications score equally, the one requesting the lower rate per square foot ranks higher.
Provinces
Industries
Business Stage
Established Expansion

Quick Assessment

Difficulty
Hard
Competition
High
First-Timer
Not rated

Funding Details

Amount
$75 per square foot of converted office space (multi-residential, hotel, and approved other uses), plus $50 per square foot for active uses at ground and Plus 15 levels — to a maximum of $12 million per application unless Council approves a greater amount
Type
Grant
Level
Municipal
Deadline
Closed — the last application window ran June 15 to July 27, 2026. No new window is announced.

Program Scorecard

Competition, effort, and approval at a glance

Competition
High
Deadline
Between Intakes
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook

Everything you need to win Downtown Office Conversion Program (Calgary)

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How to Win

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Insider Tip

The program was renamed in May 2026 — searching for 'Downtown Calgary Development Incentive Program' now redirects to the Office Conversion Program page, and older third-party write-ups describe superseded terms. Three things decide most applications before scoring starts: you must be the owner (or hold a documented path to ownership), the building must still be assessed as commercial office and non-residential today, and your financing plan must survive a pass/fail test on its own. The pre-application assessment is not optional paperwork — it is where the City surfaces the Plus 15, servicing and code issues that otherwise cost you points under 'readiness to proceed'. If you are converting to an 'other use' you name your own rate up to $75/sq ft, and on a scoring tie the lower request wins.

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Rejection Pitfalls 8

  • Applicant is a tenant or leaseholder rather than the building owner
  • Building is outside the Greater Downtown Plan Area
  • Property is not currently assessed as commercial office / non-residential
+5 more pitfalls
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Success Profile

An experienced Calgary developer or ownership group that already holds title to a vacant or heavily under-leased office tower in the Downtown Core Priority Area, has a named architect, development manager and general contractor with comparable conversion projects behind them, has financing lined up (internal statements or a lender commitment/comfort letter, with CMHC ACLP conditional approval where applicable), and is proposing a residential conversion of 100,000+ square feet that keeps active commercial uses at grade.

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Evaluation Criteria

Two stages. A pass/fail preliminary review checks submission completeness, legal due diligence, and the financing plan and financial capacity. Applications that pass are scored out of 100: project experience, capacity and team (20 points, minimum 10); project maturity and readiness to proceed (30, minimum 15); project elements — ground-floor and Plus 15 active uses, natural light and operable windows, residential amenity, bike parking, facade and public-realm improvement, heritage designation where applicable (30, minimum 15); and impact toward program outcomes — scale of office space removed, provision of new non-market housing, and retention of the non-residential assessment class (20). Missing the minimum in any category means refusal regardless of aggregate score. Projects in the Downtown Core Priority Area are considered before those outside it. Refused applicants may seek reconsideration by the Administrative Review Panel within 30 days, but only on new and material information.

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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Confirm scope and contact Downtown Strategy Verify the building is in the Greater Downtown Plan Area and is currently assessed as commercial office / non-residential property. Email [email protected] — the team is the single point of contact and will confirm whether an application window is open.
2 Complete the pre-application assessment Participation in The City's pre-application assessment process (Terms of Reference s6.2) is a required part of the comprehensive review. It surfaces Plus 15, servicing, code and environmental issues early, before they become scoring problems.
3 Assemble the application as one PDF Prepare a single PDF (maximum 15MB) covering ownership and title (searches current within 30 days), tenancies and relocation plans, the project description and preliminary architectural drawings, project timelines, the project team and organizational chart, prior comparable conversion projects, and the signed consent-for-due-diligence form.
4 Build the financing plan Provide a comprehensive project budget and delineated financing sources. Internally financed projects supply audited (or CPA-prepared unaudited) financial statements; externally financed projects supply a financing commitment letter or, failing that, a lender comfort letter. Crowdfunding is not accepted. A commitment letter is required before the funding agreement is signed.
5 Submit during the application window and pass preliminary review Submit online within the published window. The Downtown Strategy team confirms receipt within one business day and completes a pass/fail preliminary review covering completeness, legal due diligence and financial capacity in approximately 6–8 weeks.
6 Comprehensive scored review and decision Applications that pass are scored out of 100 across project experience/capacity/team (20, minimum 10), project maturity and readiness (30, minimum 15), project elements (30, minimum 15), and impact toward program outcomes (20). The Downtown Strategy team recommends approval or refusal to the Incentives Approval Committee (requests up to $12M) or to Council (requests above $12M).
7 Negotiate the funding agreement, build, then get paid Approved applicants negotiate a funding agreement covering milestones, permitting, reporting and payment terms, with caveats filed by The City. Report regularly through construction. Incentive funds are paid once construction obligations are met under the agreement.

Required Documents 12

Single comprehensive PDF application (maximum 15MB)
Primary applicant contact from the ownership organization; municipal and legal address(es)
Written confirmation the property is classified commercial office and 'non-residential' (City of Calgary myTax)
Certificate of title current within 30 days, plus all encumbrances, caveats and development agreements
Corporate search current within 30 days on the title owner (and on the applicant if an affiliate), disclosing ultimate beneficial owners and any bare trustees
Written confirmation of ownership, or a path-to-ownership package with the current owner's authorization letter
Tenancy schedule: tenants, operations, leased areas, lease expiry and termination clauses, relocation plans
Project description with square footage to be converted, proposed use, unit mix and affordability, preliminary architectural drawings and floorplans
Financing plan with comprehensive project budget and, per financing type, audited/unaudited financial statements or a financing commitment or lender comfort letter
Project timeline including construction schedule and anticipated occupancy
Project team description and corporate organizational chart, with prior comparable conversion projects
Signed Consent for Due Diligence form and Applicant Agreement form

Eligible Expenses 4

  • Conversion of existing office floor area to multi-residential dwelling units
  • Conversion of existing office floor area to hotel use
  • Conversion of existing office floor area to approved 'other uses' (student, seniors and co-living housing, life sciences, self-storage, K–12 schools, performing arts and cultural uses)
  • Provisioning of active uses at ground and Plus 15 levels (commercial retail units, personal services, food markets, restaurants, daycares) at $50 per square foot

Ineligible Expenses 4

  • New building construction
  • Additions to existing buildings
  • Conversion of floor area not currently classified as commercial office / non-residential property
  • Ground-floor lobby and residential amenity space at the full rate (compensated at 50% of the associated incentive rate)

Intake Periods

Applications are accepted only during announced windows. The most recent window ran June 15 to July 27, 2026 with $25M available; the program is not accepting applications now. The City states future application windows depend on funding availability and that there is no committed funding beyond what has been announced publicly.

Deadline Notes

The City's page reads 'The Downtown Office Conversion Program is not accepting applications at this time.' The last window ran June 15 to July 27, 2026 with $25M available. The City's own Q&A is explicit that 'the possibility for future application windows for the Program will be dependent on availability of funding' and that 'there is no specific additional funding at this time beyond what has been communicated publicly' — so treat a next round as possible, not scheduled. Email [email protected] to be told when one opens.

Ineligible Organizations

  • Leaseholders and tenants (the applicant must be the building owner or have a documented path to ownership)
  • Municipal, provincial and federal governments and their subsidiaries and affiliates
  • Applicants under an unremedied City notice of default on a conversion funding agreement
  • Applicants whose prior City conversion funding agreement was terminated by The City
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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Compatible Programs

Alberta Ecotrust Retrofit Accelerator Program Downtown Post-Secondary Institution Incentive Program (City of Calgary) CMHC Apartment Construction Loan Program
Combined Funding Potential See your total funding potential

Clawback Risk

High Risk

The Terms of Reference state that failure to continue regular reporting in accordance with the funding agreement could result in an event of default and potential termination of the agreement, including repayment of all or a portion of the incentive funds. The City also files caveats against title as part of the funding agreement.

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How Downtown Office Conversion Program (Calgary) Compares

Side-by-side with similar programs

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Program Amount Difficulty Payment Deadline
Downtown Office Conversion Program (C... $75 per square foot of converted office space Hard Reimbursement Closed — the last...
CMHC Apartment Construction Loan Prog... Minimum $1M Hard Loan Ongoing
Union Training and Innovation Program Up to $2 million Moderate Reimbursement Ongoing
Green Construction Through Wood (GCWo... Up to $5,000,000 Hard Milestone-Based Periodic Calls for...
Manitoba Climate and Economy Solution... Up to 35% of eligible project costs Hard Reimbursement Second intake opened...

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Frequently Asked Questions

Quick answers to the questions founders most often ask about Downtown Office Conversion Program (Calgary)

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Can a tenant apply, or only the building owner?
Only the owner. The City's Q&A states the applicant must be an owner of the building, or in the process of obtaining ownership with a letter from the current owner attesting to a pending sale. Leaseholders and tenants cannot apply.
How much can one project actually receive?
The rate is $75 per square foot of converted office floor area, capped at $12 million per application unless Council approves a greater amount. Ground-floor lobby and residential amenity space is paid at 50% of the rate.
Is the program accepting applications right now?
No. The last window ran June 15 to July 27, 2026. The City says future windows depend on funding availability and that no additional funding is committed beyond what has been announced. Email [email protected] to be notified.
Does being outside the downtown core Priority Area lower my score?
No — the City states location does not affect the comprehensive review score. But qualifying projects inside the Priority Area may be considered ahead of those outside it when funding is allocated.
When does the money actually arrive?
After construction. Payment occurs once construction obligations under the signed funding agreement have been met, so the owner carries the full cost of the conversion in the meantime.
Can I convert only some floors and keep the rest as office?
Yes. The City confirms a partial conversion does not disqualify the remaining office floors from a future application, provided they are still classified as office and meet the Terms of Reference.

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