Which programs can I apply for?

The only program taking applications in summer of 2024 is the grant program for new dwellings. 

Other funding programs will be developed and delivered as the HAF program progresses. 

Why wasn’t there engagement on proposed initiatives?

The Housing Accelerator Fund has been fast paced since it was announced, from quick deadlines for applications, to the ambitious timelines set by CMHC to get permits issued and shovels in the ground. It was decided that in order to have funding programs ready for the 2024 construction season, immediately available information would be used to create an application that would best serve our residents. There was also a concern that engagement and feedback from the community may end up misleading the community’s expectations, due to restrictions and guidelines attached to this funding.

Now that the critical work to put in place policies and programs is complete, we expect that residents will have opportunities for input as each initiative is rolled out.

Watson Lake was awarded 2.3 million dollars of HAF funding, but the initiative budgets don’t add up to that amount – where is the rest of the money going?

Funding received from CMHC was based on a formula concerning types and amounts of housing Watson Lake was trying to create. Estimated budgets put forward in the Town’s estimated costs to complete the initiatives total less than the amount received by CMHC. The town is in discussions with CMHC about how to direct the rest of the funds to the existing initiatives described on this page (e.g., grant program) 

How does the Town of Watson Lake ensure we are awarded all of the funding that was applied for through the Housing Accelerator Fund?

In order to receive this funding, the Town of Watson Lake needs to meet the conditions of HAF agreement. The Town of Watson Lake must implement the initiatives identified in the Action Plan within three  years of the start of the HAF program. Funds are provided at 4 major milestones:

1.      At the beginning of the program (25%)

2.      Year Two Progress Report (25%)

3.      Year Three Progress Report (25%)

4.     When Watson Lake achieves the housing targets of 42 units created (25%)

Will these initiatives create affordable housing?

Affordable housing falls under the territorial government's jurisdiction. The hope is that the five HAF initiatives will increase housing supply. This will help reduce the pressure that drives high housing costs.