St. John's Receives over $10.4 Million from Housing Accelerator Fund

The City of St. John's has been allocated over $10.4 million in federal funding through the Canada Mortgage and Housing Corporation’s Housing Accelerator Fund to stimulate housing growth.

The City’s action plan includes various new incentives and process improvements.

Funding will support the development of incentive and grant programs for various types of development, including Purpose Built Rentals, Mixed-income multi-unit development, and Grant programs for Subsidiary Dwelling Units, Backyard Suites and Tiny Homes.

The City will develop a land disposition program to identify City-owned land, prepare for development, and make it available to non-profit housing providers through a scheduled expression of interest process.