Major Housing Accelerator Fund announcement

📣 HOUSING ACCELERATOR FUND ANNOUNCEMENT

On Monday, March 3, 2025, the Government of Canada, the Town of Bridgewater, and the Town of Mahone Bay jointly announced that they reached agreements under the second round of the Housing Accelerator Fund (HAF) to eliminate barriers to build needed housing in our communities.

The Town of Bridgewater will be receiving over $3.3 million to accelerate the construction of 100 homes over the next three years. This work will help spur the construction of a combined 365 homes over the next decade.

The Town of Mahone Bay is to receive over $400,000 through HAF to accelerate the construction of 13 homes over the next three years. This work will help spur the construction of a combined 250 homes over the next decade.

The Town of Bridgewater's Action Plan commits to five local initiatives, such as increasing density by creating a pathway to winding down its single-unit dwelling (R1) zone.

The plan will incentivize the creation of affordable housing by making municipal land available and offering grants to offset development costs. The Town will also be streamlining the approval process by implementing e-permitting and adopting a suite of pre-approved building plans.

"Bridgewater has grown over the last decade, putting significant strain on our existing housing stock," said Mayor David Mitchell. "Today's announcement allows our community to invest in upgrading infrastructure, helping to reduce red tape and leading directly to more new housing starts."

"Today's announcements are about building more homes faster for people in Bridgewater and in Mahone Bay," explained MP Kody Blois, Member of Parliament for Kings-Hants, who was on hand to represent Hon. Nathaniel Erskine-Smith, the Minister of Housing, Infrastructure and Communities.

"By working with the Towns of Bridgewater and Mahone Bay, we are making sure families have a safe, affordable place to call home."

For complete details, visit https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2025/helping-build-more-homes-faster-bridgewater-mahone-bay.