Housing Accelerator Fund - 2024 Numbers

The Housing Accelerator Fund (HAF) incentivizes and rewards local governments in their approaches to increasing housing supply and accelerating development timelines. The HAF was also meant to be a transparent program, with regular reporting mechanisms.

On January 12, the Government of Canada announced the launch of the HAF Progress Tracker, the latest tool for public tracking of HAF progress in communities throughout Canada. Currently the data available is for 2023 and 2024.

With that said, in 2024, Greater Sudbury received the most funding of all Ontario cities taking part in the program.

Funding Received: $16,072,484

HAF Incentivized Units: 485

Housing Supply Growth Target: 2,628

To be approved for HAF funding, local governments developed ambitious Action Plans, setting out to cut red tape which slows down housing and committing to approve more new housing permits than would have been approved otherwise. Local governments received 25% of their HAF funding up front, with three annual payments to follow on condition the commitments in their HAF agreement are met. In certain cases, funding may be reduced, or agreements terminated if commitments are not met. Local governments must submit annual reports to Canada Mortgage and Housing Corporation (CMHC), outlining progress made according to their HAF agreements.