OTTAWA, ON, July 4, 2023 /CNW/ - Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced the official opening of the Housing Accelerator Fund's (HAF) application portal. Municipalities are strongly encouraged to submit their action plans for funding to help build more homes, faster.
Right now, it's simply too hard to get the housing we need built across the country. The system is not working, and we need to accelerate change at the local level. That's why in May 2023, the Prime Minister, Justin Trudeau, and Minister Hussen launched the HAF, a $4 billion initiative that will provide funding to cities, towns, and Indigenous governments to develop innovative measures to unlock new housing supply and fast-track the creation of 100,000 new homes across Canada.
Local governments are encouraged to think big and be innovative in their action plans. This could include reducing red tape, accelerating project approvals, incentivizing affordable housing units, or introducing zoning reforms to build more density. The Fund will provide upfront funding to support implementation, as well as additional funds upon delivering results. The HAF is a significant step towards the Government of Canada's plan to double the rate of housing construction over the next decade and make housing more affordable for Canadians.
Building more housing, including affordable housing, is a key part of making life more affordable and building an economy that works for all Canadians. There must be an 'all-hands-on-deck' approach to increasing the supply of housing and municipal, provincial, territorial, and Indigenous governments all have a significant role to play. When we work together across orders of government, we can build a better future for the middle class and people working hard to join it.
Follow this link to the application portal.
"Every level of government has a part to play in building the housing Canadians need. That's why, the Government of Canada is working with municipalities to cut red tape and speed up housing approvals at the local level to fast track the creation of 100,000 additional homes across the country. The Housing Accelerator Fund will help local governments make lasting changes to our housing system so that we can improve and increase housing supply for years to come. Through innovation and partnerships with local governments we can build the homes we need in our cities and towns, creating affordable, inclusive, and diverse communities. We will continue to work to make life more affordable and create stronger, more prosperous communities from coast to coast to coast." - The Hon. Ahmed Hussen, Minister of Housing and Diversity and Inclusion
SOURCE Canada Mortgage and Housing Corporation
Information on this news release: Shiraz Keushgerian, Office of the Minister of Housing and Diversity and Inclusion, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]
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