Town awarded new funding

The Canadian Mortgage and Housing Corporation (CMHC) is awarding the Town with an additional $540,000 to support housing challenges in Sylvan Lake. The funding comes from the CMHC Housing Accelerator funding. Council accepted the funds during a special Council meeting on March 18, 2025.

Why did we get the extra funding?

The extra funding is available thanks to the success of the Town's Housing Accelerator Fund (HAF):

• The Town made strong progress in meeting the housing targets outlined in our initial HAF agreement
• The Town is committed to approving more housing units through a new initiative under our Housing Accelerator Action Plan

Progress Updates

• We'll present a Housing Accelerator Action plan update to Council in April, including a detailed report on the Town's progress in the first year

Learn More

• Government of Canada awards $74 million to top-performing Housing Accelerator Fund communities