As part of the city’s ambitious housing strategy, members of council on Monday (Aug. 14) will be asked to approve an application for funding under the CMHC Housing Accelerator Fund program.
This funding is available to municipalities across the country and is to create a greater supply of housing at an accelerated pace and enhance certainty in the approvals and building process, according to a report to council from Taylor Mooney, the city’s strategic initiatives manager.
Mooney notes such an application “has the potential to achieve sizable funds to support housing development in the City of St. Thomas. Base funding is estimated at $20,000/HAF incented unit, with opportunities for top-up funding and an affordable housing bonus.
To qualify for funding, the city has to prepare an action plan that identifies at least seven initiatives and the money provided is determined by estimating the number of permits issued for dwelling units resulting from the initiatives in the action plan before September 2026.
Ian's City Scope 