The HAF action plan will help incentivize and support initiatives aimed at increasing the supply of housing in Humboldt. (Photo 126316104 © Photovs | Dreamstime.com)

By northeastNOW Staff

Housing

Feds help Humboldt encourage more residential development

Aug 6, 2024 | 4:31 PM

It’s called the Housing Accelerator Fund (HAF) and its meant to provide funding directly to municipalities across the country to incentivize and support initiatives aimed at increasing the housing supply.

On Tuesday, the City of Humboldt announced it was receiving $2.3 million through the Canada Mortgage and Housing Corporation’s HAF.

In a press release the city said, “These funds will support the implementation of some of the city’s development goals, including expanding housing opportunities for residents and streamlining our development permitting processes. The HAF will help cut red tape and fast track new homes in Humboldt.”

During the application process, the city had to submit an innovation action plan. It includes five initiatives:

• update development levy charges
• area structure planning
• residential construction tax incentive
• adjust development levies to encourage density
• implement E-permitting and simplify permit approval processes

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“This $2.3 million federal investment in Humboldt supports our efforts to meet the diverse housing needs of our community, while also supporting a collection of initiatives aimed at enhancing our community’s growth. We’ve been proactively planning for ambitious growth in a way that optimizes both land use and infrastructure and now we can put those plans into action,” said city manager Joe Day.

Mayor Michael Behiel said the HAF is a tremendous opportunity for the city to begin implementing key actions.

“Other projects will support improvements to the broader housing system and will take us into the future of housing in Humboldt,” said Behiel.

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