Every Canadian deserves a safe and affordable place to call home. That is why the Government of Canada is supporting the community housing sector to strengthen the performance, viability and effectiveness of affordable housing.
Today, the federal government announced that $6.4 million will be provided to 22 successful submissions for demonstration initiatives and solutions labs that are exploring how to unlock capital, pool resources, adopt new models, and secure land for the community housing sector.
Community housing providers face unique challenges when it comes to creating affordable housing and deepening or preserving affordability when compared to private sector developers. These challenges exist within financing, acquisition of land or existing affordable housing, development, construction, operation and replication. The funded solutions seek to advance the collective mission of the community housing providers sector and overcome these barriers.
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