Federal funding opportunity spurs town to create a housing strategy … – Oakville News
Oakville News N.M.
Oakville could receive up to $50 million in federal funding to help grow its housing supply.
The town has applied for money through the Housing Accelerator Fund (HAF), a $4 billion federal program that aims to speed up the delivery of new homes.
If Oakville is approved for funding, the money could begin to flow as early as next month.
Funds can be used for a range of purposes, including growth-related infrastructure like roads, parks, fire stations and water and wastewater infrastructure. It can also be used to increase the supply of affordable housing.
Details of the town’s application, along with a required housing strategy and action plan, were outlined to town councillors at their July 11 planning and development council meeting.
Goals, objectives and initiatives have been identified to help the town achieve five key housing outcomes:
- Increase housing supply
- Improve affordability
- Enhance housing choice
- Accelerate housing delivery
- Develop complete communities…
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