Saugeen Shores has received funding from the federal government's Housing Accelerator Fund.
The funding coming to Saugeen Shores amounts to $3.2 million from the Canadian Mortgage and Housing Corporation, which sends out the money from the Housing Accelerator Fund.
A media release from the municipality states that this funding will "advance the Town’s ongoing efforts to expand housing opportunities, with an anticipated result of approximately 450 new homes in the next decade."
That work will be carried out through eight municipal initiatives that Saugeen Shores has identified with the goal of "implementing long-term strategies to increase housing opportunities in Saugeen Shores while removing barriers and streamlining approval processes."
"Saugeen Shores is working hard to address housing affordability in our community," said Saugeen Shores Mayor Luke Charbonneau. "Council and staff have made it a priority and now, with this CMHC funding, we will advance new innovative housing initiatives to help ensure that everyone in Saugeen Shores can find a place to live."
The eight initiatives supported by the funding are:
Housing-Driven Community Planning Permitting and Housing Opportunities System
Affordable Community Housing Improvement Plan
Official Plan and Zoning By-Law Amendments Related to Inclusionary Zoning
Additional Residential Unit Toolkits and Standardized Modular Housing Program
Incentive Programming Tools to Enable the Construction of Affordable and Attainable Housing
Property Repurpose Utilization Program to Convert Surplus and Underutilized Land to Housing
Non-Profit Housing Partnerships
Consolidation Linear Infrastructure Environmental Compliance Approval Process