The funding will support various initiatives aimed at increasing housing supply and affordability. Specific projects will be determined in alignment with Red Deer’s long-term growth strategy and housing needs. Some of these projects will include:
- Allowing underutilized and surplus City lands to be used for housing.
- Exploring different ways to add housing supply, which may include zoning changes, incentives, and other policy tools.
- Investing in grants and incentives to support residential development.
- Improving permitting and approvals processes to make housing development more efficient.
- Remediating lands that were previously contaminated for new housing.
These programs and policies are still being developed and will be shaped through community discussions.