Rewarding communities that are getting more homes built for Canadians

The Housing Accelerator Fund (HAF) rewards local governments that are cutting red tape and taking action to build more homes faster for Canadians. Thanks to the reforms implemented under HAF, communities across the country are building the foundation for long-term housing growth – so we can build great neighborhoods across Canada that Canadians can afford.

Through innovative local solutions, these municipalities are removing barriers to housing development, expanding housing options, and helping improve affordability by increasing supply. Across Canada, 32 municipalities have been leaders and shown strong progress in delivering on their HAF commitments to accelerate housing construction. As a result, they are receiving additional funding through the program. In total, more than $42 million is being reinvested in these high-performing municipalities, supporting nearly 1,300 additional residential building permits.

By cutting red tape, speeding up approvals, and finding innovative local solutions, these municipalities are showing what’s possible. This reinvestment will help them keep the momentum going and unlock even more homes.

Participating communities developed and proposed Housing Action Plans in exchange for federal funding. The Housing Accelerator Fund is delivering real results for Canadians by translating federal investment into faster approvals and building more homes that people can afford.

Thanks to the reforms Canadian cities and towns are implementing under the Housing Accelerator Fund, local governments who received funding have issued more than 334,000 residential building permits. The Housing Accelerator Fund continues to have a positive impact across Canada in encouraging local governments to think big and be innovative in their response to the housing crisis.

Quote:

“Our government is removing barriers and cutting red tape to enable more housing in communities across Canada. We reward local governments that are delivering real results and building more homes faster. By reinvesting in proven success, we are helping more Canadians access the housing they need.”

Quick facts:

• High-performing HAF communities were eligible for top-up funding to pursue additional initiatives. To be eligible for additional funding, communities must have:
  • Been in compliance with their HAF agreement;
  • Issued more permits relative to their target;
  • Proposed an additional initiative aligned with the HAF Top Ten Best Practices.
• Since its launch in March 2023, a total of $4.37 billion in funding has been committed through HAF to help cut red tape and fast track new homes for people in towns, cities, and Indigenous communities across the country.
• Local governments estimate HAF funding will lead to the creation of over 800,000 new homes for people in towns, cities, and in Indigenous communities across Canada over the next decade.
• The HAF application process was highly competitive, with more than 540 applications received and 242 agreements signed. Only the most ambitious applications were successful, and many recipients have met or exceeded their commitments.

Additional information:

Visit canada.ca/housing for the most-requested Government of Canada housing information.

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Housing Accelerator Fund | CMHC

For more information contact:

Mohammad Hussain
Office of the Minister of Housing and Infrastructure
mohammad.hussain@infc.gc.ca

Media Relations
Canada Mortgage and Housing Corporation
media@cmhc-schl.gc.ca

Appendix: List of municipalities who have been awarded additional HAF funding