darwink
Senior Member
Long post (sorry), and my conclusion is yes.Isn't hundreds of millions of federal dollars tied to this change going through, if so, it doesn't seem like a publicity stunt by Council at least? Or would your proposed changes listed in what I quoted also allow the City to obtain that money?
From the City:
The City has been awarded $228.5 million for the funding of seven initiatives to deliver 6,825 units over and above our three-year average growth under the Council approved Housing Accelerator Fund (HAF) Action Plan. The funding is distributed to the City in four equal annual advances until the closure of the program in Sept 1, 2026.
In the contribution agreement, it includes:
...Whereas:The recipient has applied to receive funding under HAF and, in sup[port of its application, has submitted a proposed action plan that sets out action items, initiatives and targets the the Recipient will undertake and/or achieve to remove systemic barriers to housing supply and boost supply in the Community.
...Section A of the Approved Action Plan sets out various initiatives and action items that the Recipient has committed to undertake and complete
...The Recipient will undertake and complete the initiatives and the Housing Needs Assessment Report, as applicable, by no later than the second anniversary of the Effective Date, or within the timelines set out in the Approved Action Plan under Schedule A, or as otherwise permitted by CMHC.
...The Recipient agrees to undertake and complete the Commitments subject to the terms and conditions of this Agreement
...The Recipient is solely responsible for obtaining any approvals which may be required to implement the Commitments in the timeline necessary to meet the deadlines for completion
...If the Recipient is not able to satisfy the conditions for an advance set out, then CMHC may, in its sole discretion, withhold HAF FUnding or reduce HAF funding.
Initiative 3: Streamline Approvals to increase housing supply
The HAF Action Plan approved by Council, provides more detail: