The Crown corporation will be providing up to $2 million in funding
Canada Mortgage and Housing Corporation, along with the federal government, has announced that up to $2 million in funding will be available under the National Housing Strategy (NHS) Demonstrations Initiative through the launch of the latest call for submissions on June 22, 2021.
This initiative puts the spotlight on solutions that support NHS priority areas and population groups, with the express purpose of boosting “awareness, knowledge, and scaling of promising practices, strategies, programs, policies and technologies.”
The latest call will focus on community land trusts (CLTs) and land assembly solutions “that may ensure greater availability and access to land for affordable housing.”
Read more: CMHC reports on its results during the pandemic year
CMHC defined CLTs as private non-profit corporations created “to acquire and hold land for the benefit of a community and provide secure, affordable access to land and housing for community residents.” These organizations can be led either by a concerned sector or by the community.
Meanwhile, land assembly solutions are “models or approaches for acquiring, holding and managing land for affordable housing developments, for the benefit of the local community.”
“As with earlier editions of the competition, it is expected that the solutions from this call will support a culture of innovation by fostering partnerships, replication and scaling, as well as creating and disseminating real-world data for evidence-based decision-making,” CMHC said in its announcement.
Successful applicants will receive anywhere from $100,000 to $250,000 in funding per project.
