BRANDON,
MB, July 2, 2024 /CNW/ - With federal funding
and federal leadership, we are changing how municipalities let
housing get built in their communities. With a greater focus on
higher density housing, student housing, homes near transit and
affordable housing, we are going to get more homes built for
Canadians at prices they can afford.
Today, the Government of Canada
and the City of Brandon announced
that they reached an agreement to fast track 168 homes over the
next three years. This work will help spur the construction of more
than 761 homes over the next decade.
The agreement under the Housing Accelerator Fund (HAF) will
provide more than $6.2 million to
eliminate barriers to building the housing we need, faster.
Brandon's Action Plan commits
to seven local initiatives including zoning changes to allow
four units as-of-right in low density areas, creating a new role to
foster relationships with non-profit and for-profit developers and
providing financial incentives for affordable housing
developments.
HAF is helping cut red tape and fast track at least 100,000
permitted new homes over the first three years, which cities and
regions estimate will lead to the creation of more than 750,000
permitted new homes for people in towns, cities, and Indigenous
communities across Canada over the
next decade. It asks for innovative action plans from local
governments, and once approved, provides upfront funding to ensure
the timely building of new homes, as well as additional funds upon
delivering results. Local governments are encouraged to think big
and be bold in their approaches, which could include accelerating
project timelines, allowing increased housing density, and
encouraging affordable housing units.
The Government of Canada is
making life more affordable for Canadians – and housing is key to
our work. We will continue to work with provincial, territorial,
and municipal governments, as well as Indigenous partners, to keep
building more homes for Canadians, faster.
Quotes:
"We are excited and proud to announce this partnership with
Brandon today. With initiatives
like allowing four units as-of-right, fostering stronger
relationships with builders, and providing more incentives for
affordable homes, the City will ensure that Brandon has more of the kind of homes we need
to tackle the housing crisis. We will keep working with cities,
mayors, Indigenous partners, and all levels of government, to get
more homes built for Canadians at prices they can afford." – The
Honourable Sean Fraser, Minister of Housing, Infrastructure and
Communities
"By working with local governments, we can build the homes we
need in our cities and towns and create communities Canadians can
afford. Partnering with Brandon
through the Housing Accelerator Fund does just that. We will
continue to work to make life more affordable and create strong,
more prosperous communities here in Manitoba and across our great country." –
The Honourable Dan Vandal, Minister of Northern Affairs,
Minister responsible for Prairies Economic Development Canada,
Minister responsible for the Canadian Northern Economic Development
Agency and Member of Parliament for Saint
Boniface-Saint Vital
"This is a great opportunity to assist Brandon in addressing the housing needs of our
community. We are grateful to the Federal Government for this
funding, which will help us create more affordable and market
housing in our city. On behalf of Brandon City Council, I want to
thank Minister Fraser and CMHC for their support and partnership."
-– Jeff Fawcett, Mayor of the
City of Brandon
Quick Facts:
- Launched in March 2023, the
Housing Accelerator Fund is a $4
billion initiative from the Government of Canada that will run until 2026-27. Budget
2024 proposes an addition al $4.4
million to this program.
- The Housing Accelerator Fund is part of Canada's National Housing Strategy, an $82+
billion plan to give more Canadians a place to call home. Progress
on programs and initiatives are updated quarterly at
www.placetocallhome.ca. The Housing Funding Initiatives Map shows
affordable housing projects that have been developed.
- On April 12, 2024, the federal
government released Solving the housing crisis: Canada's Housing Plan, supported by new
investments proposed in Budget 2024.
- As of March 2024, the federal
government has committed $50.97
billion to support the creation of over 146,000 units and
the repair of over 286,000 units. These measures prioritize those
in greatest need, including seniors, Indigenous Peoples, people
experiencing or at risk of homelessness, and women and children
fleeing violence.
Associated Links:
- Housing Accelerator Fund
- Housing Accelerator Fund – Building more homes, faster
- Building more homes, faster
- Making housing more affordable for Canadians
- National Housing Strategy
SOURCE Government of Canada