Lethbridge doesn't make the list for federal Housing Accelerator Fund Program

The City of Lethbridge has been informed by the Canadian Mortgage and Housing Corporation (CMHC) that the City’s application to the Housing Accelerator Fund Program was not successful.

This is disappointing news as the City could have been eligible for $6.25 million which would have been a significant boost in helped address housing concerns in the community.

The Housing Accelerator Fund was a very competitive grant with just 179 out of 544 applications received funding. Learn more here.

The City has met with CMHC to debrief on the Lethbridge application and apply any learnings to future grant opportunities. While specifics were not shared, CMHC cited the competitiveness of the grant as a barrier for Lethbridge and that successful applicants demonstrated more ambitious approaches to implementing structural and lasting reforms to increase the supply of housing.

In March 2023, CMHC announced the creation of the $4 Billion Housing Accelerator Fund Program designed specifically for municipalities. The program required that applicants commit to at least seven action plan initiatives that systemically reduce local barriers to housing development, while also committing to an increase to the community’s housing growth rates.

The City’s application addressed eight action plan initiatives with the goal of increasing the community’s growth rate by 15 per cent.

City administration will continue to seek out opportunities to advance housing options in Lethbridge, incorporating these ideas into an updated Municipal Housing Strategy expected to come forward to City Council later this spring.

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