Progress on the National Housing Strategy | A Place to Call Home
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Progress on the National Housing Strategy

Canada’s National Housing Strategy has committed $30.28 billion of the $72+ billion plan. The Strategy is a 10-year investment plan to give more Canadians a place to call home and is slated to run until March 2028.

Progress on the programs and initiatives under the Strategy are updated quarterly, including a detailed PDF report.

The information on this page is our progress as of September 30, 2022.


The Strategy's Total Funding Commitments in Billions

Key Highlights

115,205

new housing units created or committed

Target: 160,000 units

272,571

housing units repaired or committed

Target: 300,000 units

142,721

units under construction or have been repaired/built

 

201,678

community housing units protected

Target: 385,000 units

$3.84B

in federal funding for the construction, repair and financial support of Indigenous and Northern housing

 

31,252

Indigenous and Northern units built, repaired or financially supported

 

$9.15B

funding committed to meet housing needs of women and their children

 

30%

of funding committed towards meeting the housing needs of women and their children

Target: 25%

National Housing Strategy Reporting by Initiative

Affordable Housing Innovation Fund

The Affordable Housing Innovation Fund supports new ideas that will drive change and disrupt the industry. These ideas and approaches will evolve the affordable housing sector and are creating the next generation of housing in Canada

$208.3M

Committed in Phase 1

Budget: $208.3 million

19,100

New units committed in Phase 1

Target: 4,000 units

Rental Construction Financing Initiative

The Rental Construction Financing initiative provides low-cost funding to eligible borrowers during the riskiest phases of product development of rental apartments (construction through to stabilized operations). The initiative focuses on standard rental apartment projects in Canada with general occupants where there is a need for additional rental housing supply.

$13.55B

loans committed

Budget: $25.75 billion

38,450

units committed

Target: 71,000 units

National Housing Co-Investment Fund

The Co-Investment Fund provides capital to partnered organizations for new affordable housing and the renovation and repair of existing affordable and community housing. Funds are provided as low-interest and/or forgivable loans and contributions.

$6.32B

funding committed

Budget: $13.17 billion

27,553

new units committed

Target: 60,000 units

94,342

repaired/renewed units committed

Target: 240,000 units

Rapid Housing Initiative

This initiative provides capital contributions for the rapid construction of new housing and/or acquisition of existing buildings for rehabilitation or conversion to permanent affordable housing.

$2.5B

funding committed under first 2 phases

Budget: $2.5 billion

10,249

units committed

Target: 7,500 units

Federal Lands Initiative

This initiative provides surplus federal lands and buildings available for development into affordable housing units and communities. The Federal Lands Initiative supports the transfer of surplus federal lands and buildings to eligible proponents. This is available at discounted to no cost to be developed or renovated for use as affordable housing.

$111.01M

funding committed

Budget: $202 million

3,715

units committed

Target: 4,000 units

Federal Community Housing Initiative

Funding and support for housing providers and their low-income tenants. The Federal Community Housing Initiative supports federally administered community housing projects reaching the end of their operating agreements from past social and affordable housing programs.

$105.02M

provided in rent assistance

Budget: $618.2 million

38,347

households supported

Target: 55,000 units

Community Housing Transformation Centre

The Community Housing Transformation Centre is a network of organizations that represent and serve the needs of Canada’s community housing sector. The Centre is a third-party network delivering this National Housing Strategy initiative, which provides access to tools, financial resources and best practices to support the growth, transformation and resilience of community housing. The Centre will deliver the Sector Transformation Fund.


Sector Transformation Fund

The Sector Transformation Fund is delivered by the Community Housing Transformation Centre and provides non-repayable contributions to support the longer-term evolution of community housing providers’ business models. These contributions aim to encourage the development of more efficient and resilient business models without displacing low-income households.

$22.3M

provided to the Community Housing Transformation Centre to date

Budget: $64.2 million

206

Sector Transformation Fund applications

 

Community Based Tenant Initiative

The Community-Based Tenant Initiative provides contributions to support local organizations whose purpose is to assist people in housing need. The initiative supports tenants having access to information on housing options and better participating in housing decisions that affect them.

$8.1M

funded to date

Budget: $10 million

132

approved applications

 

Reaching Home (led by Infrastructure Canada)

Reaching Home is a community-based program that helps prevent and reduce homelessness across Canada. This program is investing $3.1 billion in funding over 10 years to reduce chronic homelessness nationally by 50% by March 2028.

$215M

in annual funding expected to be delivered by end of 2022

Budget: $3.1 billion

1,200

projects launched in the first 6 months of Reaching Home

 

Shared Equity Mortgage Providers Fund

The Shared Equity Mortgage Providers Fund will help 1,500 first-time homebuyers and assist in the creation of 1,500 projected new homeownership units.

$28.95M

committed to help create new units

Budget: $100 million

1,018

new homeownership units

Target: 1,500 units

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive’s goal is to help up to 100,000 qualified first-time homebuyers purchase a home.

$311.3M

in Shared Equity Mortgages

Budget: up to $1.25 billion

17,448

applications approved

Target: up to 100,000

Solutions Labs

Solutions Labs offer organizations funding and expertise to help them solve complex housing problems. The funding is used to explore new ways of making progress on a housing challenge.

Solutions Labs are formed through either our annual open call for proposals process or through our directed lab stream.

$10.2M

in funding

Budget: $24.5 million

47

funded labs

 

Demonstrations Initiative

Demonstrations Initiative funds demonstrations, in a real environment, of solutions supporting housing affordability, the National Housing Strategy priority areas, population groups and outcomes.

$7M

in funding

Budget: $12.5 million

40

Demonstration projects

 

Housing Supply Challenge

The Housing Supply Challenge invites citizens, stakeholders and experts from across Canada to propose innovative solutions to the barriers that limit the housing supply. The Housing Supply Challenge will result in new ideas and solutions that will help more people find an affordable place to call home.

The second round of the challenge, which launched June 9, 2021, received 166 applications.

21

applications underwent evaluation in Round 1

 

14

projects funded in Round 1

 

166

applications received for Round 2

 

Funding for Northern Territories

Funding for Northern Territories helps offset the higher need and cost of housing in the north.

$120M

funding committed

Budget: $300 million

307

new units

 

370

repair units

 

762

rent supplements

 

Canada Community Housing Initiative

This initiative protects, regenerates and expands community housing administered by provinces and territories and is supported by former federal programs.

$1.22B

committed by provinces and territories

Budget: $8.6 billion

177,642

community housing units committed

 

Provincial and Territorial Priority Funding

This funding addresses the distinct provincial and territorial housing needs and priorities, including affordability, repair and construction.

$1.44B

committed by provinces and territories

Budget: $2.2 billion

205,620

units committed

 

Canada Housing Benefit

The Canada Housing Benefit provides money directly to families and individuals in housing need. This program is under co-development by federal and provincial/territorial governments with an addendum signed with 13 provinces and territories.

$315M

committed by provinces and territories

Budget: $4 billion

102,016

households supported

 

Quarterly Progress Reports

Learn more about how the National Housing Strategy is working. These quarterly reports will measure the Strategy's overall success and provide an overview of how the business is performing.

Mapping our progress

The National Housing Strategy has projects across Canada. See what’s happening near you.

Access the map