Helping Building more Homes, Faster in Cap-Acadie
MArch 8, 2024
The Government of Canada and the Regional Town of Cap-Acadie have reached an agreement to fast track 53 housing units over the next three years. This work will help spur the construction of 360 homes over the next decade.
The agreement under the Housing Accelerator Fund (HAF), will provide over $2 million to eliminate barriers to building the housing we need, faster. Cap-Acadie will bring in ten initiatives to boost housing stock including secondary, modular, family and infill housing. These initiatives will also speed up the approval process, establish rental housing zones and help build partnerships with non-profits to develop more affordable housing.
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 over 650,000 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.
