
brizmaker / Depositphotos.com
Today, the Government of Canada and the Town of Caledon announced that they reached an agreement to accelerate the construction of 485 homes over the next three years. This work will help spur the construction of 6,250 homes over the next decade. This agreement under the second round of the Home Accelerator Fund, will provide nearly $14 million to eliminate barriers to building the housing we need, faster.
HAF requires action plans from local governments, unlocking funding to ensure the timely implementation of housing initiatives, with subsequent payments 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.