Funding for the development of affordable, inclusive, equitable, and climate-resilient Indigenous, small or northern communities.
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What is the Housing Accelerator Fund?
The Housing Accelerator Fund is an application-based program introduced in the 2022 Federal Budget. It had an initial funding allocation of $4 billion until 2026 – 27 and one application window in 2023.
The 2024 Federal Budget announced an additional $400 million in funding until 2027 – 28. This funding was only available only to applicants who were not approved in the 2023 application window.
The program is intended to drive transformational change within the sphere of control of the local government regarding land use planning and development approvals. The Fund’s objective is to accelerate the supply of housing across Canada, resulting in at least 112,000 more housing units permitted than would have occurred without the program. The Housing Accelerator Fund aims to support lasting changes that will improve housing supply for years to come.
The Housing Accelerator Fund provides incentive funding to local governments. The funding is meant to remove barriers and support the development of affordable, inclusive, equitable and climate-resilient communities.
Communities in the Small/Rural/North/Indigenous Stream, applicants meet one of the following criteria:
Approved participants can use incentive funding for investments in:
NOTE: Municipalities with larger populations, territories and Indigenous communities are included in the Large/Urban Stream.
Incentive funding can be used for prescribed uses, which fall under 4 categories:
Funding methodology
The amount of funding is based on the total projected increase in the number of permitted units and the associated housing types. There are 3 components of the funding framework:
Refer to section 10 of the Pre-Application Reference Guide (PDF) for more details on the funding methodology.
Funding schedule
Approved applicants get 4 advances with 1 advance planned for each year of the program.
Approved communities receive an upfront advance to begin implementing their action plan after the contribution agreement is signed.
Subsequent payments are made annually for 3 years, subject to program conditions being met. This includes satisfactory progress reviews.
Refer to section 13 of the Pre-Application Reference Guide (PDF) for more details on the funding schedule.
These resources provide more details about the program:
Explore the 10 best practices from successful Housing Accelerator Fund applications.
Sign up for notifications about the Housing Accelerator Fund.
Before starting your application, please take a moment to download, save, and review our application guide. The guide includes information required to create your profile and start the application process successfully.
Download the online application portal guide (PDF)Start your application
Have questions? Need further support? Contact one of our Indigenous and the North Housing Solutions Specialists.
Still have questions about the Housing Accelerator Fund?
Phone: 1-800-668-2642
Email: contactcentre@cmhc.ca
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