Housing supply

CANADA INVESTS $80 MILLION IN ROUND THREE OF HOUSING SUPPLY CHALLENGE

OTTAWA (ON), February 23, 2022 /CNW/ – Every Canadian deserves a safe and affordable place to call home. Affordable housing is essential for from Canada pandemic recovery, especially for northern and remote communities across the country.

Government of Canada logo (CNW Group/Canada Mortgage and Housing Corporation)

Today, the Honorable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, and the Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for Canadian Northern Economic Development Agency, announced $80 million in funding for “Access to the North: Supply Chain Solutions for Northern and Remote Housing”the third round of the housing supply challenge.

As part of the Northern Access Cycle, the government is seeking solutions that will remove supply chain barriers in northern and remote areas and open the door to more much-needed housing. These barriers can include:

  • long distances to source and long shipping times

  • a harsh climate and a short construction season

  • high cost of materials and skilled labor

For the northern access round, the following groups are encouraged to apply:

  • Supply chain professionals

  • For-profit and non-profit organizations

  • Indigenous governments, organizations and groups

  • Canadian post-secondary institutions

  • Governments (provincial, territorial, aboriginal, municipal, local and regional)

  • Teams made up of a variety of participants

More information on the Housing Supply Challenge is available on the Canada Mortgage and Housing Corporation website. website.

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“Every Canadian deserves an affordable home that meets their needs. Increasing housing supply requires innovative and disruptive thinking, and that is exactly what the Northern Access Round of the Housing Supply Challenge sets out to do. By coming up with the best new ideas, we work with our partners to turn those ideas into realities and solve housing supply chain challenges in northern and remote communities across Canada.” – The Honorable Ahmed Hussen, Minister of Housing and Diversity and Inclusion

“The Housing Supply Challenge is about bringing people together to find local solutions that work for every community. The investment our government is announcing today, made possible through the National Housing Strategy, will lead to innovative solutions that will break down barriers and bring about positive change in northern and remote communities. – the Honorable Daniel VandalMinister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency

Fast facts:

  • The COVID-19 pandemic means communities across the country are dealing with the devastating effects of rising levels of homelessness and housing needs. Canada needs more housing, but there is no single solution to meet this need.

  • To help municipalities increase their housing supply, Budget 2019 provided $300 million in funding over five years to launch a Housing Supply Challenge (HSC) and unlock new solutions for Canadians living in looking for an affordable home.

  • CSS is offered by Canada Mortgage and Housing Corporation (CMHC) and aims to:

  • The HSC is a component of Impact Canadaa government of Canadapan-Canadian initiative to help departments accelerate the adoption of innovative funding approaches to achieve meaningful results for Canadians.

  • The first round, “Data Driven”, selected 14 finalists who offered innovative solutions to address housing data gaps. These participants will create technological or methodological solutions to improve the collection, sharing, analysis and integration of data, thereby improving decision-making on housing supply. The first round will disburse up to $25 million to fund these solutions.

  • The second round, “To start”, shortlisted 29 applicants who offered solutions that improve affordable housing pre-development processes. Up to $40 million will be disbursed to finance these solutions.

  • CMHC has partnered with Evergreen to help applicants develop the most impactful solutions. The Housing Supply Challenge Support Program and the Northern Ideas Development Program will help applicants propose solutions to improve their communities’ access to supply chains.

  • The Challenge aligns with the National Housing Strategy and CMHC’s goal that by 2030, everyone in Canada has an affordable home that meets their needs.

Related links:

CMHC Logo (CNW Group/Canada Mortgage and Housing Corporation)

CMHC Logo (CNW Group/Canada Mortgage and Housing Corporation)

SOURCE Canada Mortgage and Housing Corporation

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