City of St. John's Housing Catalyst Fund
Housing Catalyst Fund allows the City to be a catalyst for practical and collaborative projects that produce tangible housing solutions. The City’s role through this fund is to work collaboratively with community groups and other stakeholders (builders, developers, etc.) to facilitate and plan housing solutions that will enhance the quality of life for individuals and families and build a healthier community.
The Housing Catalyst Fund may also be used to create affordable housing awards that publicly recognize creative and successful new housing solutions as well as innovative housing workshops, and guidebooks on new housing models and proven construction and development techniques.
A scan of several cities that have established housing funds revealed that flexible criteria within a set of broad priorities is the most effective means to determine the allocation of funds. Local experience with the Homelessness Partnering Strategy (HPS) funding shows the same. Therefore the process for setting funding criteria for this Housing Catalyst Fund follows the same general process. The broad priorities include, but are not necessarily limited to, the following:
Affordable Home Ownership
Seniors/Age Friendly Housing
Universal Design/Accessible Housing
Energy Efficiency/Energy Retrofits
Mixed Use - an opportunity to incorporate affordable housing into a commercial construction project (e.g. hotel, mall, office)
Medium Density (i.e. apartment and townhouses)
Brownfield Redevelopment - vacant places where activities may have left contamination (i.e. factory, gas station)
Vacant Lot Redevelopment