Vernon applying for housing accelerator program
The City of Vernon is looking for financial aid to get more housing built.
Council tasked staff with applying to the Canadian Mortgage and Housing Corporations’ Housing Accelerator Fund at the regular meeting Monday, August 12.
The fund provides money to municipalities with the intent of removing barriers and boosting housing supply.
The first round of funding through the program provided $4-billion to local governments across Canada to help grow the housing supply. Vernon applied for the program in 2023 but was unsuccessful in its bid.