Budget 2016 increased federal investment in affordable housing by $2.3 billion over two years to provide Canadians with better access to more affordable housing as the government worked to develop the national housing strategy. CMHC`s seed funding program supports affordable housing through zero-rate loans and/or non-refundable contributions to help cover the costs of pre-development activities. Housing ministers have approved a multilateral framework for the housing partnership, which is committed to achieving better housing destinations for Canada. Investments totalling $638 million under the NHS will enable Aboriginal people living in urban, rural and northern communities to achieve better housing outcomes for future generations. A new step has been taken under the National Housing Strategy (NHS). Vulnerable families and Canadians who need an affordable place to call home can count on long-term funding for public housing in Ontario. Completion of an affordable apartment building, whether new or renovated, can take up to three years after funding. From April 2011 to March 2019, more than 420,000 households were no longer in a housing shortage because of this funding. This will help stabilize the existing municipal housing stock and ensure that no units will be lost, while longer-term strategies will be developed. On November 22, 2017, the federal government announced Canada`s first National Housing Strategy (NHS), a 10-year, $40 billion plan to be homeless and improve the accessibility, availability and quality of housing for the poorest.
On April 9, 2018, a new federal/provincial/territorial framework (FPT) housing partnership was approved by all F/P/T housing ministers (except Quebec), which laid the groundwork for cost-covering NHS initiatives that were provided by the provinces and territories. Budget 2016 allocated nearly $1.4 billion to provinces and territories to identify communities with the greatest need for affordable housing. In addition to these initiatives, the NHS, through the Rental Construction Financing Initiative, is also creating new affordable market rental housing, building construction and providing more housing opportunities along the housing continuum. These agreements are consistent with the new vision of housing under the National Housing Strategy, and are more flexible and consistent with the expected results. The multilateral framework sets out a common vision for housing and lays the groundwork for bilateral agreements on the implementation of important initiatives in the national housing strategy. Co-development of distinction strategies for Aboriginal real estate is a government priority. Aboriginal leaders have told the government that the best approach is one that respects the different housing needs of each group and community. By investing in Budget 2017 and Budget 2018, the government is providing $1.5 billion to support a First Nations-led housing strategy, an Inuit-managed housing plan and the Métis Nation housing strategy, including: through the HPS, the federal government has invested $762 million over five years to prevent and reduce homelessness.