$13B In Funding And First Round Of Projects
Launch of Build Canada Homes – Mark Carney pledged – new federal housing entity
Build Canada Homes – (BCH), a new federal housing agency that doubles as the new government’s flagship response to the housing crisis.
Far too many Canadians — particularly young Canadians — are struggling to find homes they can afford.
Build Canada Homes will help fight homelessness by building transitional and supportive housing. To build deeply affordable and community housing for low-income households, and partner with private market developers to build affordable homes for the Canadian middle class.
BCH to become a Special Operating Agency within Housing, Infrastructure, and Communities Canada (HICC) — formerly known as the Ministry of Housing.
The first of the four initiatives involves homes the new housing agency will build directly. BCH will be overseeing and leading affordable housing projects at six sites across the country that will together deliver approximately 4,000 homes, located in Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg, and Edmonton.
Secondly, Build Canada Homes will be launching the $1.5 billion Canada Rental Protection Fund that was announced by the Trudeau-led government.
Thirdly, Build Canada Homes will be deploying $1 billion towards building transitional and supportive housing for people who are experiencing homelessness.
Lastly, Build Canada Homes will be partnering with Nunavut Housing Corporation to build over 700 supportive housing units.
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