Kelowna is poised to rapidly expand its housing inventory, thanks to a new agreement with the Government of Canada. The deal will expedite the construction of 950 housing units within the next three years, contributing to a broader goal of adding 20,000 homes over the next decade.
The collaboration falls under the Housing Accelerator Fund (HAF), which has allocated over $31.5 million to Kelowna. The fund aims to remove building barriers and foster higher density development, particularly along rapid transit routes, and to use city lands in partnership with non-profits for affordable housing development.
“Today’s announcement will help fast track over 950 homes in the next three years and up to 20,000 homes over the next decade in Kelowna,” said the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities. “By working with cities, mayors, and all levels of government we are helping to get more homes built for Canadians at prices they can afford.”
Kelowna’s strategy to increase its housing options includes making use of infill housing. This move has already allowed the construction of multiple residential units on single lots in specific urban zones.
“Everyone deserves a place to call home,” stated Tom Dyas, Mayor of the City of Kelowna. “We are grateful for the Government of Canada’s significant investment that will further advance Kelowna’s innovation and commitment to accelerate housing for our rapidly growing community.”
The HAF, part of the Government of Canada’s $82+ billion National Housing Strategy, encourages local governments to present innovative action plans to speed up home building. Kelowna is among the cities responding to this call, with the aim of significantly improving housing access in the region.
Additional details on the initiatives under the National Housing Strategy and their progress can be found on the official Place to Call Home website.