Canada Mortgage and Housing Corp. has launched an application portal for the Housing Accelerator Fund (HAF).
The HAF is a $4 billion initiative designed to provide funding to cities, towns, and indigenous governments to develop new housing supply, with the goal of creating 100,000 new homes across Canada. The fund will offer upfront funding to support implementation, as well as additional funds upon delivering results.
The application window for HAF financing will be open through Aug. 18.
“Every level of government has a part to play in building the housing Canadians need,” said Ahmed Hussen, minister of housing and diversity and inclusion. “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.”
