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.