All Canadians deserve safe, affordable housing. That is why the Government of Canada has launched a National Housing Strategy (NHS) that seeks to improve the lives of those in greatest need, grow the middle class, and make Canada an even better place to call home.
A key component of NHS is the National Housing Co-Investment Fund (NHCF). In collaboration with Canada Mortgage and Housing Corporation (CMHC), this project invests more than $13 billion to create the next generation of housing in Canada. The Co-Investment Fund will work to:
- Create 60,000 new affordable homes
- Repair 240,000 affordable and community homes
- Create or repair at least 4,000 shelter spaces for victims of family abuse
- Create at least 7,000 new affordable homes for seniors
- Create at least 2,400 new affordable homes for people with developmental disabilities
The $13.17 billion will be invested into two streams – Housing Repair and Renewal & New Housing Construction. Low interest loans will be available for up to 20 years to support the viability and long-term affordability of projects. Financial contributions are also available to support projects where loans are not a viable option.
Community housing providers, municipalities, provinces, Indigenous organizations and private sector companies are all eligible to apply. I encourage you to take advantage of this opportunity, and contribute to creating safe, affordable housing in Coquitlam-Port Coquitlam.
Applications for funding will be accepted on a rolling basis, and applications that address regional housing needs will be prioritized.
To find out if you qualify for NCHF and to learn more about our National Housing Strategy visit: https://www.placetocallhome.ca/.
If you have any questions about applying for NCHF, please feel free to contact my constituency office at (604)-927-1080 or Ron.McKinnon@parl.gc.ca. I look forward to hearing all about your contributions!