Bob Nault

Your member of parliament for


Kenora

Bob Nault

Your member of parliament for


Kenora

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PRESS RELEASE: Federal government ‎launches multi-billion dollar National Housing Co-Investment Fund

“Canada’s first-ever National Housing Strategy will give more Canadians and residents in the Kenora riding a place to call home.”  –– Bob Nault

 

(KENORA) May 3, 2018 – The Honourable Bob Nault (Kenora riding), on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), is pleased to announce the launch of the National Housing Co-Investment Fund. This new initiative is part of the government’s historic National Hou​sing Strategy. 

 

In November of 2017, the first-ever National Housing Strategy (NHS) was launched; a 10-year, $40 billion initiative to reduce homelessness and improve the availability and quality of housing for Canadians in need. Building on that investment, the $13.2 billion National Housing Co-Investment Fund (NHCF), will work with partners to create 60,000 new affordable units and repair 240,000 affordable and community units over the next 10 years.

 

“With the announcement of the National Housing Co-Investment Fund, municipalities throughout the riding can now apply to CHMC in order to provide residents with safe, affordable, and accessible places to care for their families,” stated Nault. “This is historic and I strongly encourage municipal leaders to submit their applications for funding.”

 

Investments will also support the creation or repair of at least 4,000 shelter spaces for survivors of family violence, the creation of at least 7,000 new affordable units for seniors and 2,400 new affordable units for people with developmental disabilities.

 

Starting today, interested parties can apply for funding online through CMHC.

 

 Quick Facts:

 

·        To ensure the next generation of affordable community housing in Canada is built to last, at least 25% reduction in energy consumption and greenhouse gas emissions over national building and energy codes must be achieved for new construction projects and for repairs to existing projects. These minimum requirements represent the most ambitious environmental standards ever applied by governments to housing programs in Canada. They will be further enhanced and increased as the NHS is implemented in light of experience and improvements in technology and building science.

·        The NHCF sets accessibility requirements for new and renewed projects and targets the construction, repair and renewal of housing for people with disabilities. As such, 20% of units must meet accessibility standards. Repair/renewal projects must be barrier-free in common areas and new construction projects must be barrier free and have full universal design.

·        At least 33% of the NHS investments will support projects that specifically target the unique needs of women and girls. The NHCF will support that objective by improving affordable housing options and increasing shelter space.

·        To maximize the impact of the NHCF, up to $200 million-worth of federal lands will be made available to social and affordable housing providers at a discounted or no cost to encourage the development of affordable homes.

·        To help more Canadians access housing that meets their needs and they can afford, the NHS sets out to achieve bold outcomes over the next 10 years, including removing more than 530,000 households from housing need, creating 100,000 new housing units as well as repairing and renewing more than 300,000 housing units.

 

Associated Links:

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

To find more information about the National Housing Co-Investment Fund, visit www.cmhc-nhs.ca.

 

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To arrange an interview with the Hon. Bob Nault, please contact:

Ottawa office:                                                       Kenora office:

Julian Morelli                                                       Ryan Young

(613) 996-1161                                                     (807) 468-2170

bob.nault.a1@parl.gc.ca                                       bob.nault.c1@parl.gc.ca