Helping build more homes, faster in Sylvan Lake
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The Town of Sylvan Lake is one of six Alberta communities receiving funding from the Government of Canada to address housing challenges.
Under the Housing Accelerator Fund (HAF), Town officials acknowledge that Sylvan Lake will receive $5,485,430 to support its Action Plan. Officials say this plan commits to seven local initiatives that enable a variety of housing forms and densities to meet the diverse needs of Sylvan Lake. The funding is expected to allow the Town to rezone for high density residential, commercial, and mixed-use development. This includes areas of downtown, while also unlocking secondary suites. Officials say it aims to incentivize the public, private, and non-profit sectors to increase the community’s housing supply.
“I am thrilled that our community has been awarded this support from the Government of Canada through the Housing Accelerator Fund,” says Mayor Megan Hanson, Town of Sylvan Lake. “This significant investment will revolutionize the landscape of housing in Sylvan Lake, not only for the duration of the program but for generations to come. With this incredible support, we can streamline application processes, offer incentives for the development of diverse housing products, and extend assistance to both non-profit and private sector developers in constructing new affordable units.”
“At the heart of all of this is our unwavering belief that everyone deserves a place to call home,” adds Hanson. “This grant will allow us to fulfill this fundamental right for more Sylvan Lakers in the years ahead. Together, we are building a future where secure housing is within reach for all members of our community.”
