Mayors Feel Disappointment, ‘Frustration’ over CMHC Housing Cuts

Red Deer loses federal housing funding but city still hopeful for compromise

The Canada Mortgage and Housing Corporation has cancelled its agreement with the City of Red Deer to provide $12 million in federal housing funding, citing the city’s failure to meet mandatory grant conditions.

Mayors feel disappointment, ‘frustration’ over CMHC housing cuts

The CMHC reduced funding from the Housing Accelerator Fund for Toronto and Vaughan, and cancelled money for Red Deer, which says it's not giving it back yet.

Canada Mortgage and Housing Corporation - Update on the Housing Accelerator Fund Agreements for Red Deer, Toronto, Vaughan

The Housing Accelerator Fund (HAF) helps increase the supply of housing by cutting red tape and reducing local barriers to housing. In exchange for federal funding, Canadian communities commit to refo. . .