Edmonton is growing and so is our need for housing. Right now, 1 in 8 households - owners and renters, young and old - are paying more than they can afford in housing costs, or live in crowded or unsafe conditions, and can’t afford to move. At the same time, higher interest rates, inflation and a growing population is expected to put a higher demand on available supply, tightening vacancy rates and increasing housing costs.
Scarcity of housing can drive up costs. The Housing Accelerator Fund will help deliver new homes and more options for current and future Edmontonians.
The City submitted its application for the Housing Accelerator Fund in June 2023. Our proposal included a plan for how the City could help encourage new housing development.