CMHC, Co-operative Housing Development Program - aDiamondMortgage

Federal government announces first projects funded under new Co-operative Housing Development Program – CHDP

The federal government announced the first co-operative housing projects to receive funding under the new Co-operative Housing Development Program (CHDP), a $1.5 billion initiative designed to support the creation of new co-op housing across the country.

“The federal government has a strong role to play in building non-market housing to provide more affordable housing options for Canadians, and this includes co-operative housing. These first projects show how co-ops can provide affordable, inclusive, and sustainable homes that respond directly to local needs.”— The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities

The National Housing Strategy (NHS) is a 10+ year, $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed.

By DIAMO

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