The City of St. Catharines has received its second Housing Accelerator Fund payment, securing $6.42-million from the Canada Mortgage and Housing Corporation to continue boosting local housing supply.
This follows the City’s progress report on year-one initiatives, which funded incentives for accessory dwelling units, affordable housing, and rental developments. About $4-million of the City’s year-one funding was used for financial incentives, such as doubling City grants for creating interior accessory dwelling units (ADU) and quadrupling grants for detached ADUs. Forty-one units, and about $2 million in grants, were approved through the program in the first year.
“We are working hard to enhance the way we support homes get built, including offering fresh incentives and processes to streamline housing approvals,” said CAO David Oakes. “We made great progress in 2024 in building a strong foundation, and we’re looking forward to unlocking even more opportunities in our second year through these transformational initiatives.”
The City is also streamlining approval processes and launching a municipal development corporation to maximize housing opportunities.
(Written by: Brandon Warby)
Comments