The Housing Accelerator Fund provides funding to local governments for increasing housing supply in their communities. The fund also supports the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable, and diverse.
The program is intended to drive transformational change within the sphere of control of the local government regarding land use planning and development approvals. The objective of the program is to accelerate the supply of housing across Canada resulting in at least 100,000 more housing units than would have occurred without the program.
Conditions
The City will receive funds through incentive payments on an annual basis. Each grant program is subject to an annual review and may change depending on uptake and demand.
Grant funding is dependent on federal funding.
Available Funding
The City of Moncton submitted an action plan in response to a call for applications for the Housing Accelerator Fund. Following its review, the Canada Mortgage and Housing Corporation awarded the City of Moncton more than $15.5 million dollars to be disbursed over a three-year period beginning in fall 2023. Included within the action plan are five grant programs that will run for the duration of the funding, from 2023 to 2026.
The five grant programs, designed to accelerate housing within our community, can be separated into two streams. To learn more about each grant program and the application/eligibility requirements, follow the links below.
Economic Development
- Downtown Densification Grant Program - $2.4 million-$3 million
Description: To incentivize new downtown housing developments through a per-door incentive grant ($20,000 per door, up to $300,000 per application)
- Accessory Dwelling Unit Grant Program - $300,000 Funds are currently fully allocated
Description: To incentivize new accessory dwelling units (e.g. basement apartments and garden suites) through a per-door incentive grant ($10,000 per accessory dwelling unit)
- Growth Areas Housing Grant Program - $2 million-$2.5 million
Description: To incentivize the development of new housing units in development charge areas through a per-door incentive grant ($5,000 for a single unit dwelling, $10,000 per dwelling unit for a two-unit dwelling, semi-detached dwelling, three-unit dwelling, townhouse dwelling, or rowhouse dwelling and $15,000 per dwelling unit for a multiple-unit dwelling). A total of 10 dwelling units may be approved per application with the grant total not exceeding $150,000.
- Business Improvement Area Missing Middle Residential Infill Grant Program - $900,000
Description: To incentivize the development of new housing within Moncton’s Business Improvement Area through a per-door incentive grant ($15,000 per new unit to a maximum of $150,000 per development)
Affordable Housing
- Non-Profit Development Grant Program - $1 million-$2 million
Description: To incentivize new non-profit, affordable housing developments through a per-door incentive grant ($20,000 per door, up to $200,000 per application)
- Non-Profit Soft Costs Grant Program - $100,000
Description: To assist with the development of new non-profit, affordable housing developments through a grant to help cover soft costs ($20,000 per non-profit corporation during the HAF funding period)
For more information, contact:
Josh Davies, Senior Planner – josh.davies [at] moncton.ca (josh[dot]davies[at]moncton[dot]ca)