City tries to dispel concerns around Red Deer’s $12 million Housing Accelerator Fund grant
Red Deerians are being fairly loud these days about their concerns with how a federal housing grant will negatively impact their neighbourhoods, and even cost local taxpayers.
Except it won’t cost taxpayers in terms of the plans in place for what’s being sent Red Deer’s way, according to the municipality.
The City previously applied to the Canada Mortgage Housing Corporation (CMHC) for $30 million of its Housing Accelerator Fund (HAF), but was approved for only $12 million.
The city had allocated dollar amounts divided between eight initiatives for that $30 million, but the final agreement for 40 per cent of what they asked means they had to scale back how far they could go with each.



