How Will this Help Edmontonians?
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 are expected to put a higher demand on available supply, tightening vacancy rates and increasing housing costs. The Housing Accelerator Fund will help deliver new homes and more options for current and future Edmontonians.
These homes will be market housing as well as non-market affordable housing, both rentals and ownership.
The City will be working closely with residential developers, affordable housing providers, community groups, and residents as we implement the Housing Accelerator Fund Action Plan.