Accelerating construction with the National Housing Strategy

Accelerating construction with the National Housing Strategy

By Canada Mortgage and Housing Corporation  July 30, 2024 

 

The Canada Mortgage and Housing Corporation (CMHC) launched the Frequent Builder framework to accelerate the construction of affordable and rental homes by expediting the application process for established housing providers. The new framework will target experienced housing providers who access funding through the largest National Housing Strategy (NHS) programs, the Affordable Housing Fund (AHF) and the Apartment Construction Loan Program (ACLP).

Across Canada there is an urgent need for both affordable and rental homes. One the biggest challenges facing housing providers and the communities they supply homes to, is the time it takes to get new housing through planning and approval stages to being shovel-ready, with construction financing secured. With the significant housing supply shortages the country is facing, it is imperative we support the homebuilding industry to build more homes, faster.

 

Read more at CanadianContractor.ca

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