Maximizing Housing Funding Opportunities

As Canada’s population continues to grow, the newly released 2024 Federal Budget outlines specific commitments to address housing goals.

These commitments include:

• A $15-billion top-up to the Apartment Construction Loan Program;
• $6 billion for a Canada Housing Infrastructure Fund;
• $1 billion in loans and $470 million in contributions for a new rental protection fund; and
• Topping up the Housing Accelerator Fund by $400 million, plus $600 million for a series of new homebuilding innovation efforts aimed at scaling up modular and prefabricated homes.

These initiatives aim to build 3.87 million new homes by 2031.

Do you have a plan to ramp up housing in your community?

Whether you’re already planning to take advantage of funding programs, or are just beginning to consider the possibilities for your community, tackling the housing challenge requires a tailored approach and strategic planning.

With experience supporting local governments across Canada, our advisory experts can help.