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 $38.89 billion of the $82+ billion plan. The Strategy is a 10-year 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 30th,2023.


The Strategy's Total Funding Commitments in Billions

Key Highlights

151,803
new housing units created or committed

Overall NHS Target: 160,000 units

241,133
housing units repaired or committed

Overall NHS Target: 300,000 units

197,337
units under construction or have been repaired/built

 

344,489
community housing units protected

Overall NHS Target: 385,000 units

$4.99B
in federal funding for the construction, repair and financial support of Indigenous and Northern housing*

 

21,524
Indigenous and Northern units built, repaired or financially supported*

 

$11.30B
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

Overall NHS Target: 25%

*These figures include only federal initiatives. Future reporting will include all all National Housing Strategy activities including provincial and territorial activities.

National Housing Strategy Reporting by Initiative

Affordable Housing Innovation Fund Opens in new tab

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

$294.34M
funding committed

Budget: $759.10 million

28,639
new units committed

Target: 14,800 units

Apartment Construction Loan Program Opens in new tab

The Apartment Construction Loan Program (formerly called 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.

$17.61B
loans committed

Budget: $25.75 billion

46,968
units committed

Target: 71,000 units

Affordable Housing Fund Opens in new tab

The Affordable Housing Fund (formerly called the National Housing 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.

$7.49B
funding committed

Budget: $13.17 billion

31,589
new units committed

Target: 60,000 units

128,959
repaired/renewed units committed

Target: 240,000 units

Rapid Housing Initiative Opens in new tab

This Rapid Housing 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.

$3.84B
funding committed

Budget: $4.00 billion

15,612
units committed

Target: 12,000 units

Federal Lands Initiative Opens in new tab

The Federal Lands Initiative provides surplus federal lands and buildings for development into affordable housing units and communities. Surplus federal lands and buildings are transferred to eligible proponents at discounted to no cost to be developed or renovated for use as affordable housing.

$120.40M
funding committed

Budget: $202 million

3,393
units committed

Target: 4,000 units

Housing Accelerator Fund Opens in new tab

The Housing Accelerator Fund provides incentive funding to local governments encouraging initiatives aimed at increasing housing supply. It also supports the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable and diverse

$75.06M
funding committed

1,814
housing units fast-tracked

Federal Community Housing Initiative Opens in new tab

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

$162.70M
provided in rent assistance

Budget: $618.2 million

47,211
community housing units supported

Target: 55,000 units

Community Housing Transformation Centre Opens in new tab

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 delivers 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.

$28.00M
provided to the Community Housing Transformation Centre to date

Budget: $64.2 million

249
Sector Transformation Fund applications

 

Community Based Tenant Initiative Opens in new tab

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 participating in housing decisions that affect them.

$10.00M
funded to date

Budget: $10 million

171
approved applications

 

Reaching Home (led by Infrastructure Canada) Opens in new tab

Reaching Home is a community-based program that helps prevent and reduce homelessness across Canada. This program is investing nearly $4 billion in funding over 9 years to reduce chronic homelessness nationally by 50% by March 2028.

+6%
change in chronic homelessness among shelter users

 

59,309
people placed in more stable housing under Reaching Home

 

108,965
people who received prevention or shelter diversion services under Reaching Home

 

Shared Equity Mortgage Providers Fund Opens in new tab

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

$33.95M
committed to help create new units

Budget: $100 million

1,088
new homeownership units

Target: 1,500 units

First-Time Home Buyer Incentive Opens in new tab

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

$408.92M
in Shared Equity Mortgages

Budget: up to $1.25 billion

22,826
applications approved

Target: up to 100,000

Solutions Labs Opens in new tab

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.

$15.30M
in funding

Budget: $24.5 million

69
funded labs

 

Demonstrations Initiative Opens in new tab

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

$7.50M
in funding

Budget: $12.5 million

43
Demonstration projects

 

Housing Supply Challenge Opens in new tab

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

$63.6M
funding committed

Budget: $300 million

28
projects funded

One-time top-up to the Canada Housing Benefit

The One-Time Top-Up to the Canada Housing Benefit was designed to help lower-income renters with the increased cost of rent.

$393.43M
in payments

798,530
applications received

Indigenous Shelter and Transitional Housing Initiative

The Indigenous Shelter and Transitional Housing initiative supports the construction of shelters and transitional housing for Indigenous women, children and LGBTQ2S+ people fleeing gender-based violence. The initiative will fund at least 38 shelters and 50 transitional homes.

$89M
conditionally or financially committed

Budget: $420 million

11
community housing units committed

Target: 38 shelters

23
transitional homes

Target: 50 transitional homes

Provincial and Territorial Initiatives

We are working with Provinces and Territories to provide an update on the progress of programs under the bilateral agreements and against the National Housing Strategy targets. We expect this data will be available shortly.

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 programs are progressing.

Other Reports


Mapping our progress

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

Access the map