The solutions aim to remove or reduce the barriers that hinder housing supply, Crown corporation says
Federal authorities have announced the round two recipients of the Housing Supply Challenge, an “idea incubator” formed by the Canadian government to remove or reduce the barriers that hinder housing supply.
A total of 14 solutions were announced for the second round of the five-year, $300-million Housing Supply Challenge. These solutions will be receiving implementation funding to bring their pre-development process ideas to life, sharing a pool of up to $38 million, according to the Canada Mortgage and Housing Corporation.
The solutions are as follows:
- Ratio.City Inc
- Cahdco
- Town of Stratford, PEI
- AECO Innovation Lab Inc
- Nishnawbe Aski Nation Corporate Services
- Simon Fraser University Morris J. Wosk Centre for Dialogue
- Small Housing BC
- Toronto Renewable Co-Operative (legally operating as ''Tapestry Community Capital'')
- Co:Here Foundation
- UTILE
- Victoria Native Friendship Centre
- City of Beaumont
- Coho NL Community Development Inc.
- CP Planning
Read more: Magnitude of housing supply problem surprising, says CMHC
“Increasing the supply of housing in Canada requires collaboration, knowledge sharing, and partnerships to support it,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion.
“With this funding, we are investing in the most innovative methods for expanding the housing supply. The Housing Supply Challenge enhances community engagement and inspires others to scale or adapt ideas for national impact.”
CMHC said that it will be publishing the full description of the 14 proposed solutions on its online portal, along with information on future rounds and the shortlist for round three of the challenge.
