The Crown corporation is looking for solutions to improve housing affordability
Canada Mortgage and Housing Corporation (CMHC) has launched a call for ideas to improve housing supply for middle-income earners and to help renters transition to full ownership.
The Housing Accelerator Fund would aim to remove municipal-level barriers to ensure faster and more innovative development of further housing supply, while the Rent-to-Own program would aim to make it easier for renters to work towards home ownership, CMHC said.
Ideas can be proposed by municipalities, provinces, territories, Indigenous governments, organizations and communities, private and non-profit housing groups, and the Canadian public.
CMHC is inviting interested contributors to submit their ideas until January 31, 2022. Submissions are expected to come with a file containing supporting information, in any of the following formats: .doc, .docx, .pdf, .ppt, .pptx, .jpg, .jpeg, .txt
Read more: CMHC announces funding for winners of affordability innovations contest
“The government is committed to implementing long-term, cost effective solutions that address the needs of housing for the middle class and those working hard to join it,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion.
“With the help of Canadians, we’ll aim to identify the most efficient, effective, and innovative solutions that will make a true difference in increasing the housing supply and access to affordable homes across Canada.”
