Housing Accelerator Fund

On February 18, 2025 the Canadian and Housing Corporation (CMHC) awarded the City of Port Coquitlam a $10.3 million grant from the Housing Accelerator Fund (HAF). These funds will work towards removing barriers to housing supply, accelerating development approvals, and supporting greater housing choice within the community.

Port Coquitlam HAF Approved Action Plan

The City of Port Coquitlam’s HAF Approved Action Plan (AAP) aims to deliver 1,131 units over the next three years through seven initiatives.  

 

  1. Development Approvals Process Review (2025-2026): Streamlining development approvals by delegating application approvals, in-house registration of permits and pre-approved designs.   

  2. Activate City Lands for Development and Explore Partnerships (2025): Create an internal strategy and set of criteria for identifying existing lands to activate for priority housing types as well as a strategy for acquisition of new lands. 

  3. Develop Grant Opportunities to Activate Housing Development (2025-2026): Developing a grant program for new affordable housing and new market infill housing.

  4. Identify Areas for Further Parking Reductions (2024-2025): Review Transit Demand Management (TDM) measures that can be implemented to support alternative transportation.

  5. Implement Pre-zoning to Activate Multi-family Housing Development (2024-2025): Identify and develop opportunities for new multi-family housing supported by transit, infrastructure and amenities.

  6. Increase Process Efficiency Through Use of New Technologies (2024-2025): Update the City’s use of new technologies such as e-permitting, and a digital portal for development applications to increase efficiency and streamline development processes.

  7. Eliminate Restrictions and Add Flexibility to Multi-Family Housing through a Comprehensive Density Bonusing Review (2025): Undertake a comprehensive update to the current density bonusing program. The program will apply both broadly to multi-family housing across the city, and also to provincially mandated Transit-Oriented Areas (TOAs). 

Housing Supply Targets

The HAF will help the City increase the supply of new homes. This includes 287 HAF-incented units and 844 baseline units. The HAF program intends to increase the number of annual new homes by 34% over the next three years. Specific growth targets of housing include the following: 

 

  
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Background Documents