#HousingAcceleratorFund

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Thunder Bay, Ontario Tackles Affordable Housing

More New Builds

In Thunder Bay, Ontario, a significant stride towards addressing the housing affordability crisis is taking shape, thanks to a collaborative effort between the city and the federal government. This partnership aims to make affordable homes a reality for Canadians, marking a pivotal moment ahead of the national conversation on housing.  

A Bold Leap for Affordable Living

The announcement by Prime Minister Justin Trudeau about an agreement with the City of Thunder Bay heralds the construction of over 600 new housing units in the next three years. This ambitious initiative is part of a larger plan to stimulate the development of more than 6,500 homes over the next decade, addressing the acute demand for affordable housing in the area.   Accelerating Housing with Innovation The Housing Accelerator Fund, contributing $20.7 million to this cause, is set to revolutionize Thunder Bay's approach to home-building. By focusing on multi-unit projects, re-zoning commercial areas for residential use, and fast-tracking development approvals, Thunder Bay is laying the groundwork for a more inclusive and accessible housing market.  

Transforming Thunder Bay's Landscape

Thunder Bay's strategy includes transforming vacant and underused properties into vibrant residential areas. This not only maximizes the use of land but also ensures that new homes are conveniently located near essential amenities, fostering a sense of community and belonging.   Supporting Indigenous Housing Needs A notable aspect of this agreement is its commitment to advancing reconciliation through better support for Indigenous communities' housing needs. Moreover, this is a critical step towards the co-development and implementation of Canada’s Urban, Rural, and Northern Indigenous Housing Strategy, emphasizing the inclusive nature of the project. By prioritizing the housing needs of Indigenous communities, this initiative not only fosters reconciliation but also strengthens collaboration and partnership-building between Indigenous and non-Indigenous stakeholders.  

The Road to a National Housing Solution

The Housing Accelerator Fund, a $4 billion initiative, is at the forefront of Canada's efforts to address the housing shortage through innovative and bold actions. Additionally, Thunder Bay's agreement is among 61 others, all aiming to fast-track the construction of over 650,000 housing units across Canada, showcasing a united front against the housing affordability crisis. This nationwide initiative not only demonstrates a collective commitment to tackling the issue but also highlights the urgency and scale of the housing challenge facing communities across the country.   Looking Ahead The partnership between Thunder Bay and the federal government is more than just a local endeavor; it's a beacon of hope for communities across Canada. By adopting best practices and leveraging financial incentives, Thunder Bay is not only addressing its housing needs but also setting a standard for other cities to follow.   Sources: THX News & The Canadian Government. Read the full article

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Edmonton's Leap Towards Affordable Housing

Transforming Edmonton's Housing Landscape

In an ambitious move to address the housing affordability crisis, the City of Edmonton, in partnership with the federal government, has announced a significant plan to fast-track the construction of over 5,200 new housing units within the next three years. This groundbreaking initiative is part of a broader effort to meet the burgeoning demand for affordable housing in Edmonton and marks a crucial step towards building more than 22,000 homes over the next decade.   Breaking Down Barriers to Faster Construction The Housing Accelerator Fund, backing this initiative with over $175 million, is set to eliminate long-standing barriers to housing construction. This fund will not only create a variety of housing options in Edmonton, including rentals, affordable apartments, and student housing but also streamline zoning bylaw approvals and support construction around public transit areas using city-owned land for new homes.   Streamlining Processes for Affordability Furthermore, the city has committed to providing additional resources to builders, including pre-development funding and shortened approval timelines. These efforts aim to expedite the construction of affordable, non-profit housing, showcasing Edmonton's leadership in innovative housing solutions.  

Innovative Actions for Housing Diversity

Edmonton's strategy includes updating water flow regulations, promoting secondary suite development, and leveraging technology through digitization, automation, and artificial intelligence to reduce application review times. Additionally, the gradual phase-out of the tax premium on multi-unit properties exemplifies the city's dedication to fostering a more equitable housing market.   Nationwide Impact of the Housing Accelerator Fund The Housing Accelerator Fund, a $4 billion initiative running until 2026-27, aims to unlock new housing supply across Canada. With 50 agreements already signed, this fund promises to fast-track the construction of over 600,000 housing units, contributing significantly to Canada's National Housing Strategy.   Edmonton's Bold Moves Toward Inclusivity Edmonton's commitment to the Housing Accelerator Fund signifies a bold step towards creating diverse and affordable housing options. These initiatives are crucial for addressing the housing and homelessness emergency in the city, paving the way for inclusive, climate-resilient communities.  

The Path Forward

The partnership between Edmonton and the federal government represents a proactive approach to tackling the housing affordability crisis head-on. By cutting red tape and embracing innovative solutions, this collaboration is poised to significantly impact the availability of affordable homes, enabling more Canadians to find a place to call home at prices they can afford. This initiative not only supports the middle class but also prioritizes those in greatest need, aligning with Canada's goal of doubling the rate of housing construction over the next decade.   Sources: THX News & The Canadian Government. Read the full article

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Waterloo's Bold Move to Boost Home Building

A Groundbreaking Partnership

In a significant stride towards addressing the housing shortage, the City of Waterloo has forged an ambitious partnership with the federal government. This collaboration is poised to revolutionize the local housing landscape by expediting the development of 650 new housing units over the next three years. Such action promises to alleviate some of the pressures associated with the current housing crisis, while also paving the way for the creation of over 15,000 homes in the next decade.   Taking on the Housing Crisis Proactively Central to this agreement is the Housing Accelerator Fund, which allocates over $22 million to streamline the building process. By dismantling long-standing barriers, this initiative seeks to diversify housing options in Waterloo, including an increase in rental units, affordable housing, and residences located near educational institutions. The city's strategy encompasses permitting up to four residential units and allowing buildings of up to four storeys in low-density neighborhoods, marking a significant departure from traditional zoning practices.   Modernizing for Efficiency Waterloo's commitment goes beyond just building homes; it's about transforming the entire approach to housing development. By leveraging city-owned land for new housing projects and partnering with non-profit builders, the city is ensuring that affordable living spaces are a top priority. Furthermore, the introduction of a new permitting system is set to cut through bureaucratic red tape, speeding up approval times dramatically.   A Collective Effort for Affordable Housing The Minister of Housing, Infrastructure, and Communities, in conjunction with Waterloo's Mayor, has enthusiastically endorsed this groundbreaking initiative. Their support underscores a united effort to address the housing needs of the community, with a strong emphasis on creating affordable, inclusive, and sustainable living options. This partnership exemplifies the achievements possible when federal and municipal governments collaborate with a shared vision for the future.   The Bigger Picture: Canada's Housing Strategy This agreement is part of the larger Housing Accelerator Fund, a $4 billion initiative by the Government of Canada, specifically crafted to encourage cities, towns, and Indigenous communities to innovate and expedite the construction of new homes. Notably, Waterloo's proactive approach, which allows for increased residential density and streamlined development processes, sets a precedent for other municipalities grappling with similar housing challenges.   The Impact on Waterloo and Beyond The City of Waterloo and the federal government expect their collaboration to transform the local community and set a national model. By fast-tracking the construction of new homes, this initiative not only addresses the immediate need for housing but also contributes to the long-term vision of creating vibrant, inclusive communities where Canadians can thrive.   A Path Forward As Waterloo embarks on this ambitious journey to build more homes faster, it's clear that innovative solutions and partnerships are key to overcoming the housing crisis. This initiative not only promises to provide much-needed housing options for the residents of Waterloo but also serves as a beacon of hope for other communities across Canada facing similar challenges. With continued collaboration and commitment, the dream of affordable housing for all Canadians moves one step closer to reality.   Sources: THX News & The Canadian Government. Read the full article

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Boosting Guelph's Housing Supply Rapidly

Guelph's Game-Changer in Housing Development

Right now, in communities across Canada, building essential housing, especially affordable options, is a significant challenge. To address this, the federal government is joining hands with municipalities like Guelph, Ontario, to break down barriers and expedite home construction. This initiative promises a new horizon for Canadians from all walks of life, seeking affordable housing.  

A Groundbreaking Agreement

The Prime Minister, Justin Trudeau, recently announced a pivotal agreement with the City of Guelph. This pact will fast-track the construction of nearly 750 new housing units over the next three years, marking a significant stride towards fulfilling Guelph's ten-year goal of building 9,450 homes.   The Housing Accelerator Fund This initiative falls under the Housing Accelerator Fund, with a whopping $21.4 million allocated to Guelph. The fund aims to remove construction bottlenecks, facilitating faster development of various housing options. Notably, it will boost the development of 'missing middle' housing and allow for a greater number of housing units per residential lot.  

Transforming Housing Policies

Guelph plans to revamp its housing policies, streamline zoning bylaw approvals, and foster residential housing programs. The plan also includes exploring parking reduction policies and implementing a new, efficient permitting system. Moreover, the city will look into utilizing surplus city-owned land for further housing development.   Nationwide Impact of the Fund Beyond Guelph, the Housing Accelerator Fund is set to revolutionize housing across Canada. It encourages local governments to present innovative housing plans, backed by upfront funding and additional resources upon successful implementation. The aim is to cut red tape, allow increased housing density, and promote affordable housing units.  

A Commitment to the Middle Class

The Government of Canada's commitment to the middle class is underscored by this initiative. The plan to double the rate of housing construction over the next decade is central to increasing the housing supply and improving the quality of life for Canadians.   Collaborative Efforts for a Better Future The federal government's collaboration with provincial, territorial, and municipal governments, along with Indigenous partners, is crucial in this endeavor. This unified approach is key to building more homes at an accelerated pace and at affordable prices for Canadians.   Sources: THX News & The Canadian Government. Read the full article

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Canada Champions Human Rights: Inclusivity Prevails

The Prime Minister, Justin Trudeau, today issued the following statement on Human Rights Day: “Seventy-five years ago today, the United Nations General Assembly adopted the Universal Declaration of Human Rights, enshrining our common belief that all human beings are born free and equal in dignity and rights. On this Human Rights Day, we reaffirm the spirit of the Declaration as we continue to work toward a safer, more inclusive world. “Canada will always defend human rights and democracy. Here at home, we continue to take action to uphold the dignity that everyone deserves, including for historically disadvantaged communities. Earlier this year, we released our 2023-2028 Action Plan, a roadmap to help achieve the objectives set out in the United Nations Declaration on the Rights of Indigenous Peoples and to advance reconciliation in a meaningful, tangible way. We are also working to implement the Federal 2SLGBTQI+ Action Plan, to advance equal rights and protections for 2SLGBTQI+ communities – helping build a more inclusive, prosperous Canada for everyone. “Housing is essential to people’s dignity and well-being, and that is why we recognized housing as a human right in the National Housing Strategy Act. Since launching the National Housing Strategy in 2017, we have created or repaired over 150,000 housing units to support the housing needs of those most vulnerable. And we have taken further transformative action to close the housing gap. Through the Housing Accelerator Fund, we are unlocking new housing supply, and fast-tracking the construction of thousands of homes across the country. “Beyond our borders, we are working with our international partners to uphold human rights. We continue to pressure human rights abusers through sanctions, including those in Iran and Russia. As Russia continues its war of aggression against Ukraine, we are supporting Ukrainians in their fight for democracy and justice. “Through Canada’s 10-Year Commitment to Global Health and Rights, we are providing funding to projects that help advance the human rights of women and girls, including their sexual and reproductive health and rights. “We also continue to advocate for those most vulnerable in the face of global challenges, such as the current crisis in Israel, the West Bank, and Gaza. Thousands of families were devastated by Hamas’ terrorist attacks on October 7, and Canada continues to call for the immediate release of all remaining hostages. The humanitarian crisis in Gaza also remains critical. We continue to call for civilians to be protected, for international law to be upheld, and for sustained, rapid, and unimpeded access to life-saving assistance for civilians, including food, water, fuel, and emergency medical supplies. All life is equal in worth. All people – in Israel, in the West Bank, in Gaza, and around the world – deserve to live in peace, security, and dignity, without fear and with equal human rights. “Today, as we mark Human Rights Day under the theme ‘Dignity, freedom, and justice for all’, we reflect on the progress we have made and the work still to be done. Together, we can build a more just and fairer world where human rights are protected and respected.”   Sources: THX News & The Canadian Government. Read the full article

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Affordable Housing Accelerator Fund Transforms Brampton

  Breaking Down Barriers to Affordable Housing

Brampton, Ontario - Building affordable housing across the country has been a challenge, but today, the federal government, in collaboration with municipalities, is taking a significant step to remove these obstacles. Prime Minister Justin Trudeau announced a groundbreaking agreement with the City of Brampton, Ontario, to expedite the construction of more than 3,150 new housing units over the next three years. This monumental initiative is expected to drive the development of more than 24,000 homes in the next decade, tackling the urgent demand in Brampton.   The Housing Accelerator Fund Takes Center Stage The Housing Accelerator Fund makes this groundbreaking agreement possible by injecting over $114 million to remove the obstacles that slow down housing construction. The plan prioritizes high-density development near transit corridors and eliminates barriers to housing development in crucial city areas like urban centers, boulevards, and major public transit stations. Additionally, it introduces new incentive programs for affordable housing. Brampton will also extend zoning permissions as a matter of right, allowing for four residential units and four stories within 800 meters of transit, encompassing most of the city. These initiatives are poised to transform the housing construction landscape in one of Canada's fastest-growing municipalities. With an average annual population growth rate of approximately 4 percent, the City of Brampton stands out as one of Canada's quickest-expanding municipalities. Factors such as international and domestic trade, investments in public transit, and its proximity to urban centers like Toronto are propelling Brampton towards an anticipated population of 1 million by 2051.  

Accelerating Housing Nationwide

The Housing Accelerator Fund is a nationwide effort that aims to cut through bureaucratic red tape and speed up the construction of at least 100,000 new homes in towns, cities, and Indigenous communities across Canada. We encourage local governments to propose innovative action plans. Once approved, they receive upfront funding to guarantee prompt housing development. These plans may include accelerated project timelines, increased housing density, and incentives for affordable housing units. The Housing Accelerator Fund is a $4 billion initiative from the Government of Canada that will run until 2026-27. Its design aims to assist cities, towns, and Indigenous governments in unleashing a new housing supply through innovative approaches.   Canada's Commitment to Affordable Housing The Government of Canada's commitment to making life more affordable for Canadians is underpinned by this housing initiative. The plan seeks to double the rate of housing construction in the next decade, working closely with provincial, territorial, and municipal governments, along with Indigenous partners.   Prime Minister Justin Trudeau emphasized the importance of this initiative: "We need to build more homes, faster. That means working with Mayors that want to cut red tape and help change the way we build homes in this country. It’s what today’s announcement in Brampton is all about. By investing in programs like the Housing Accelerator Fund, we’re building the foundation for a more stable, affordable, and prosperous life for millions of Canadians from coast to coast to coast."   Sean Fraser, Minister of Housing, Infrastructure, and Communities added, "Today’s announcement will help fast-track over 3,150 permitted units in the next three years and 24,100 homes over the next decade. By working with cities, mayors, and all levels of government, we are helping to get more homes built for Canadians at prices they can afford."   The Prime Minister recently made similar agreements with London and Vaughan, Ontario. These agreements will speed up the creation of more than 3,900 extra housing units in both cities within the next three years and even more units in the future. The Housing Accelerator Fund is part of Canada’s National Housing Strategy (NHS), a $82+ billion plan that has already promised to create and fix more than 400,000 housing units. You can stay updated on our progress at www.placetocallhome.ca. Check out the Housing Funding Initiatives Map to see affordable housing projects we've already developed. Since the establishment of the NHS, the Government of Canada has committed over $36.82 billion to create 113,467 housing units and to repair 126,011 units. Our focus is on those who need it most, including seniors, Indigenous Peoples, individuals at risk of homelessness, and women and children fleeing violence. Since 2015, we've assisted nearly two million Canadians in finding a place to call home.   Praise from Local Leaders Brampton Mayor Patrick Brown expressed his gratitude for the federal government's partnership and investment in their community, highlighting the significance of the $114 million investment through the Housing Accelerator Fund. He emphasized the goal of creating more than 24,000 homes over the next decade through Brampton's Official Plan, Housing Strategy, Action Plan, and Municipal Housing Pledge.   Sources: THX News & The Canadian Government. Read the full article

[thxnews]

Affordable Housing Accelerator Fund Transforms Brampton

  Breaking Down Barriers to Affordable Housing

Brampton, Ontario - Building affordable housing across the country has been a challenge, but today, the federal government, in collaboration with municipalities, is taking a significant step to remove these obstacles. Prime Minister Justin Trudeau announced a groundbreaking agreement with the City of Brampton, Ontario, to expedite the construction of more than 3,150 new housing units over the next three years. This monumental initiative is expected to drive the development of more than 24,000 homes in the next decade, tackling the urgent demand in Brampton.   The Housing Accelerator Fund Takes Center Stage The Housing Accelerator Fund makes this groundbreaking agreement possible by injecting over $114 million to remove the obstacles that slow down housing construction. The plan prioritizes high-density development near transit corridors and eliminates barriers to housing development in crucial city areas like urban centers, boulevards, and major public transit stations. Additionally, it introduces new incentive programs for affordable housing. Brampton will also extend zoning permissions as a matter of right, allowing for four residential units and four stories within 800 meters of transit, encompassing most of the city. These initiatives are poised to transform the housing construction landscape in one of Canada's fastest-growing municipalities. With an average annual population growth rate of approximately 4 percent, the City of Brampton stands out as one of Canada's quickest-expanding municipalities. Factors such as international and domestic trade, investments in public transit, and its proximity to urban centers like Toronto are propelling Brampton towards an anticipated population of 1 million by 2051.  

Accelerating Housing Nationwide

The Housing Accelerator Fund is a nationwide effort that aims to cut through bureaucratic red tape and speed up the construction of at least 100,000 new homes in towns, cities, and Indigenous communities across Canada. We encourage local governments to propose innovative action plans. Once approved, they receive upfront funding to guarantee prompt housing development. These plans may include accelerated project timelines, increased housing density, and incentives for affordable housing units. The Housing Accelerator Fund is a $4 billion initiative from the Government of Canada that will run until 2026-27. Its design aims to assist cities, towns, and Indigenous governments in unleashing a new housing supply through innovative approaches.   Canada's Commitment to Affordable Housing The Government of Canada's commitment to making life more affordable for Canadians is underpinned by this housing initiative. The plan seeks to double the rate of housing construction in the next decade, working closely with provincial, territorial, and municipal governments, along with Indigenous partners.   Prime Minister Justin Trudeau emphasized the importance of this initiative: "We need to build more homes, faster. That means working with Mayors that want to cut red tape and help change the way we build homes in this country. It’s what today’s announcement in Brampton is all about. By investing in programs like the Housing Accelerator Fund, we’re building the foundation for a more stable, affordable, and prosperous life for millions of Canadians from coast to coast to coast."   Sean Fraser, Minister of Housing, Infrastructure, and Communities added, "Today’s announcement will help fast-track over 3,150 permitted units in the next three years and 24,100 homes over the next decade. By working with cities, mayors, and all levels of government, we are helping to get more homes built for Canadians at prices they can afford."   The Prime Minister recently made similar agreements with London and Vaughan, Ontario. These agreements will speed up the creation of more than 3,900 extra housing units in both cities within the next three years and even more units in the future. The Housing Accelerator Fund is part of Canada’s National Housing Strategy (NHS), a $82+ billion plan that has already promised to create and fix more than 400,000 housing units. You can stay updated on our progress at www.placetocallhome.ca. Check out the Housing Funding Initiatives Map to see affordable housing projects we've already developed. Since the establishment of the NHS, the Government of Canada has committed over $36.82 billion to create 113,467 housing units and to repair 126,011 units. Our focus is on those who need it most, including seniors, Indigenous Peoples, individuals at risk of homelessness, and women and children fleeing violence. Since 2015, we've assisted nearly two million Canadians in finding a place to call home.   Praise from Local Leaders Brampton Mayor Patrick Brown expressed his gratitude for the federal government's partnership and investment in their community, highlighting the significance of the $114 million investment through the Housing Accelerator Fund. He emphasized the goal of creating more than 24,000 homes over the next decade through Brampton's Official Plan, Housing Strategy, Action Plan, and Municipal Housing Pledge.   Sources: THX News & The Canadian Government. Read the full article