About the Housing Accelerator Fund
Announced by the Canadian Mortgage and Housing Corporation (CMHC) in March 2023, the Housing Accelerator Fund (HAF) will provide incentive funding (contributions) to local governments to encourage local initiatives that remove barriers to housing supply, accelerate the growth of supply and support the development of complete, low-carbon and climate-resilient communities which are affordable, inclusive, equitable and diverse.
The HAF is expected to result in permits being issued for 100,000 more housing units across Canada. Local governments within Canada, including First Nations, Métis and Inuit governments who have delegated authority over land use planning and development approvals were eligible to apply to the HAF
There were two streams of funding within the HAF:
- Large/Urban: A jurisdiction located anywhere in Canada with a population1 equal to or greater than 10,000, excluding those within a territory or an Indigenous community.
- Small/Rural/North/Indigenous: A jurisdiction located anywhere in Canada with a population1 less than 10,000 or within one of the territories or an Indigenous community.
More information about the HAF is available here: https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/housing-accelerator-fund.
Lunenburg County Municipalities’ HAF Applications
A brief overview of the applications submitted by municipal units in Lunenburg County is presented below. To date (March 2024) there have been no announcements of funding from the HAF applications submitted by local municipalities. In total, HAF applications from Lunenburg County sought funding of nearly $43 million dollars, which would represent a significant investment in our region, aimed at addressing housing related issues.