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The City of Humboldt has announced an agreement of $2.3 million with the Government of Canada that will encourage the development of residential homes in the city.
Funding is through the Canada Mortgage and Housing Corporation (CMHC) House Accelerator Fund (HAF) which provides funding straight to municipalities to incentivize and support initiatives aimed at increasing housing.
The funding will help the City of Humboldt development goals which includes housing opportunities for residents and streamlining development permitting processes.
Humboldt's House Accelator Fund Action Plan included five initiatives.
-Updating Development Levy Changes
-Area Structure Planning
-Residential Construction Tax Incentive
-Adjusting Development Levies to Encourage Density
-Implement E-permitting and Simplify Permit Approval Processes.
“This $2.3 million federal investment in Humboldt supports our efforts to meet the diverse housing needs of our community, while also supporting a collection of initiatives aimed at enhancing our community's growth. We've been proactively planning for ambitious growth in a way that optimizes both land use and infrastructure and now we can put those plans into action,” said Joe Day.
“The Housing Accelerator Fund is a tremendous opportunity for the City to begin to implement key actions identified by Administration. The City’s plan includes a mix of initiatives that will result in some desired increases in our housing supply. Other projects will support improvements to the broader housing system and will take us into the future of housing in Humboldt,” said Mayor Michael Behiel