In Jan. 2024, the City of St. Catharines secured an investment of $25.7 million to boost housing supply in the city. The funding is through the Canada Mortgage and Housing Corporation’s (CMHC) Housing Accelerator Fund (HAF), a $4 billion initiative that offers financial support to local governments for expediting the development of new homes.
The action plan for HAF commits to seven initiatives, fostering a range of housing types and densities to cater to the diverse needs of the community. The initiatives are as follows:
The HAF initiatives are projected to result in more than 2,600 housing units over a three-year period. The seven initiatives will transform housing approvals and unlock thousands of potential units over the next 10 years.