The City of Saskatoon is hosting two public information sessions in early June to discuss the Housing Accelerator Fund. These sessions will provide opportunities for the public to ask questions and learn more about the proposed changes, which include permitting up to four dwelling units on all residential sites, allowing multiple-unit residential development near bus rapid transit stations, streamlining approvals for residential care homes, and removing minimum parking requirements citywide. Amendments related to these changes will be brought forward to a public hearing at city council in June, with discussions on the parking requirements amendment scheduled for July. More information can be found on the city of Saskatoon website.
Discussions about the Housing Accelerator Fund have been ongoing since the federal government announced the funding in February. The government of Canada, along with the City of Saskatoon, revealed that 940 housing units will be expedited in the city over the next three years. A total of $41.3 million from the Housing Accelerator Fund will be allocated to this initiative, focusing on accelerating housing development in areas near transit and the downtown sector. The federal government stated that this fund will help fast-track at least 100,000 homes across the country over three years, leading to the creation of nearly 650,000 homes in Canada over the next decade.
The first public information session on the Housing Accelerator Fund will take place on June 4 at the Saskatchewan Polytechnic cafeteria, followed by a second session on June 6 at the Saskatoon Fieldhouse. These sessions aim to inform the public about the proposed changes and allow for questions and feedback from residents. The amendments related to the Housing Accelerator Fund will be discussed at a public hearing at city council in June, except for the amendment concerning parking requirements, which will be addressed in July. The city of Saskatoon website provides additional details and updates on this initiative.
The Housing Accelerator Fund is a collaborative effort between the government of Canada and the City of Saskatoon to expedite housing development in key areas of the city. With a focus on areas near transit and the downtown sector, this fund aims to fast-track the creation of new housing units to address the growing demand for affordable housing in Saskatoon. By streamlining approvals for residential care homes, allowing for multiple-unit residential development near bus rapid transit stations, and removing minimum parking requirements citywide, the Housing Accelerator Fund seeks to encourage the construction of new housing units in strategic locations.
The federal government has emphasized the importance of the Housing Accelerator Fund in addressing the housing crisis in Canada. By fast-tracking the development of housing units, the fund aims to increase the overall supply of homes in the country and stimulate economic growth. The collaboration between the government of Canada and municipalities like Saskatoon highlights a commitment to innovative solutions for affordable housing and urban development. As discussions continue regarding the implementation of the Housing Accelerator Fund in Saskatoon, residents are encouraged to participate in the public information sessions and provide feedback on the proposed changes. The city of Saskatoon remains dedicated to exploring new opportunities to expand housing options and improve livability for its residents.
