In efforts to address the shortage of affordable housing in Canada, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, has 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.

The HAF is part of a larger suite of measures from the federal government to support the creation of housing through Canada’s National Housing Strategy (NHS), an $82+ billion plan that has already committed to the creation and repair of over 400,000 units. Progress on programs and initiatives under the NHS are updated quarterly at www.placetocallhome.ca. The Housing Funding Initiatives Map shows affordable housing projects that have been developed through the NHS.

This initiative encourages local governments and municipalities 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, making it 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.

More information: 

HAF Launch News Release: Building more homes, faster.

HAF Launch Backgrounder: Housing Accelerator Fund — Building more homes, faster.

For more information on Government of Canada housing initiatives: Housing Canada.

Visit HAF for more information or start your application today.