Red Deer to keep $3M in federal housing funds, Carney confirms
The city had received the money last year under a national program aimed at speeding up housing construction.
Why it matters
The confirmed funding gives Red Deer certainty to continue housing initiatives aimed at addressing local supply shortages.
Red Deer will be allowed to keep and use $3 million it received from the federal government last year through the Housing Accelerator Fund, Prime Minister Mark Carney confirmed.
The funding was originally awarded to the city in 2025 as part of a national initiative meant to encourage municipalities to remove barriers to housing development and boost the pace of home construction.
Carney's confirmation removes uncertainty over whether Red Deer would be required to return the money, allowing the city to proceed with using the funds as intended.
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