CMHC: National Housing Co-Investment FundPosted
Yesterday, Minister Duclos announced the launch of the National Housing Co-Investment Fund. Part of the federal government’s National Housing Strategy, the National Housing Co-Investment Fund supports the creation or repair of affordable homes across the country.
Covering a broad range of housing needs from shelters to affordable homeownership, the National Housing Co-Investment Fund will:
- create 60,000 new units
- repair 240,000 units
- create or repair at least 4,000 shelter spaces for victims of family violence
- create at least 7,000 new affordable units for seniors
- create at least 2,400 new affordable units for people with developmental disabilities
Projects funded through the initiative will also:
- support Canada’s climate change goals
- improve accessibility of housing for people with disabilities by promoting accessibility, universal design and visitability
There are two streams within the fund:
- Housing Construction Stream is for new construction
- Housing Repair and Renewal Stream is for the preservation and renewal of the affordable housing supply
Applications are accepted on a continuous basis throughout the year.
NOTE: If you are interested in applying for funding to renovate or repair an affordable housing project, please apply through the Housing Repair and Renewal Stream of the National Housing Co-Investment Fund.
More details can be found here.Back to News