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CMHC Grant Application Review
First seen: June 13, 2023
Last seen: June 13, 2023
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June 13, 2023Council
Full RecordingCanadian Mortgage and Housing Corporation's Housing Accelerator Fund
Council reviewed the opportunity to apply for the CMHC Housing Accelerator Fund (HAF) grant but expressed concern regarding the required commitment to accelerating housing growth by 10% and the subsequent demand on town resources.
"Council members were hesitant to commit to the strict growth targets required for the HAF application, citing existing pressures from the provincial government (Bill 26) and public concerns about rapid, unsustainable growth. They ultimately voted only to receive the report, effectively halting the application process for this fund."
Formal MotionPassed
"THAT the report dated May 10, 2023 from the Director of Development Services titled "Canadian Mortgage and Housing Corporation's Housing Accelerator Fund" be received."
Moved by: Ron Mattson
Seconded by: Sid Tobias
Don Brown
Ron Mattson
Alison MacKenzie
John Rogers
Sid Tobias