Canadian government to embark on a $500m co-op house-building spree
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Tim McCormick
Apr 28, 2022, 6:57:08 PM4/28/22
to Oregon Cooperative Housing Network
"Canadian government to embark on a $500m co-op house-building spree"
By Anca Voinea, COOP News, 21 April 2022
"Canada’s federal 2022 budget includes new funding to expand the country’s co-operative housing sector, with the largest investment in new co-op housing in more than 30 years.
The budget pledges CA$500m from the National Housing Co-Investment Fund to launch a new Co-operative Housing Development Program, which will build 6,000 units – creating a new generation of co-op housing.
National sector apex, the Co-operative Housing Federation (CHF Canada), will co-design the programme with involvement from the housing co-ops.
The budget also includes the reallocation of $1bn in loans from the Rental Construction Financing Initiative to support co-op housing projects.
The budget pledges CA$500m from the National Housing Co-Investment Fund to launch a new Co-operative Housing Development Program, which will build 6,000 units – creating a new generation of co-op housing.
National sector apex, the Co-operative Housing Federation (CHF Canada), will co-design the programme with involvement from the housing co-ops.
The budget also includes the reallocation of $1bn in loans from the Rental Construction Financing Initiative to support co-op housing projects.
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Tim McCormick
Housing Alternatives Network
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