Progress on the National Housing Strategy
Canada’s National Housing Strategy has committed $54.28 billion of the $115+ billion plan. The Strategy is a 10+year plan to give more Canadians a place to call home.
Progress on the programs and initiatives under the Strategy are updated quarterly, including a detailed PDF report.
The information on this page is our progress as of June 30th,2024.
The Strategy's Total Funding Commitments in Billions
Key Highlights
540,440
households for which housing need is reduced or eliminated
Overall NHS Target: 580,000 units
149,650
new housing units created or committed
Overall NHS Target: 240,000 units
288,183
housing units repaired or committed
Overall NHS Target: 300,000 units
279,654
units under construction or have been repaired/built
356,091
community housing units protected
Overall NHS Target: 385,000 units
$4.57B
in federal funding for the construction, repair and financial support of Indigenous and Northern housing*
27,623
Indigenous and Northern units built, repaired or financially supported*
$14.41B
funding committed to meet housing needs of women and their children
30%
of funding committed towards meeting the housing needs of women and their children
Overall NHS Target: 25%
*These figures include only federal initiatives. Future reporting will include all National Housing Strategy activities including provincial and territorial activities.
National Housing Strategy Reporting by Initiative
Affordable Housing Innovation Fund
The Affordable Housing Innovation Fund supports new ideas that will drive change and disrupt the industry. These ideas and approaches will evolve the affordable housing sector and are creating the next generation of housing in Canada
$424.47M
funding committed
Budget: $615.50 million
29,128
new units committed
Target: 14,800 units
Apartment Construction Loan Program
The Apartment Construction Loan Program (formerly called the Rental Construction Financing initiative) provides low-cost funding to eligible borrowers during the riskiest phases of product development of rental apartments (construction through to stabilized operations). The initiative focuses on standard rental apartment projects in Canada with general occupants where there is a need for additional rental housing supply.
$19.23B
loans committed
Budget: $54.9 billion
51,019
units committed
Target: 131,000 units
Affordable Housing Fund
The Affordable Housing Fund (formerly called the National Housing Co-Investment Fund) provides capital to partnered organizations for new affordable housing and the renovation and repair of existing affordable and community housing. Funds are provided as low-interest and/or forgivable loans and contributions.
$9.40B
funding committed
Budget: $14.6 billion
37,033
new units committed
Target: 60,000 units
165,828
repaired/renewed units committed
Target: 170,000 units
Rapid Housing Initiative
This Rapid Housing Initiative provides capital contributions for the rapid construction of new housing and/or acquisition of existing buildings for rehabilitation or conversion to permanent affordable housing.
$3.83B
funding committed
Budget: $4.00 billion
15,896
units committed
Target: 12,0 units
Federal Lands Initiative
The Federal Lands Initiative provides surplus federal lands and buildings for development into affordable housing units and communities. Surplus federal lands and buildings are transferred to eligible proponents at discounted to no cost to be developed or renovated for use as affordable housing.
$120.44,M
funding committed
Budget: $318.9 million
3,946
units committed
Target: 5,500 units
Co-operative Housing Development Program
Access forgivable loans along with low-interest repayable loans to build rental co-operative housing. This program supports a new generation of non-profit co-operative housing.
The program launched on July 15, 2024 – the application process is now underway.
Budget: $1.5 billion
Target: 3,200 units
Housing Accelerator Fund
The Housing Accelerator Fund provides incentive funding to local governments encouraging initiatives aimed at increasing housing supply. It also supports the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable and diverse
$3.90B
funding committed
Budget: $4.4 billion
105,862
housing units fast-tracked
Target: 112,000 net new units permitted
Federal Community Housing Initiative
The Federal Community Housing Initiative provides funding and support for housing providers and their low-income tenants. The initiative supports federally administered community housing projects reaching the end of their operating agreements from past social and affordable housing programs.
$183.83M
provided in rent assistance
Budget: $618.2 million
47,994
community housing units supported
Target: 55,000 units
Community Housing Transformation Centre
The Community Housing Transformation Centre is a network of organizations that represent and serve the needs of Canada’s community housing sector. The Centre is a third-party network delivering this National Housing Strategy initiative, which provides access to tools, financial resources and best practices to support the growth, transformation and resilience of community housing. The Centre delivers the Sector Transformation Fund.
Sector Transformation Fund
The Sector Transformation Fund is delivered by the Community Housing Transformation Centre and provides non-repayable contributions to support the longer-term evolution of community housing providers’ business models. These contributions aim to encourage the development of more efficient and resilient business models without displacing low-income households.
$31.90M
provided to the Community Housing Transformation Centre to date
Budget: $64.2 million
291
Sector Transformation Fund applications
Community Based Tenant Initiative
The Community-Based Tenant Initiative provides contributions to support local organizations whose purpose is to assist people in housing need. The initiative supports tenants having access to information on housing options and participating in housing decisions that affect them.
$10.00M
funded to date
Budget: $10 million
188
approved applications
Reaching Home (led by Infrastructure Canada)
Reaching Home is a community-based program that helps prevent and reduce homelessness across Canada. This program is investing nearly $4 billion in funding over 9 years to reduce chronic homelessness nationally by 50% by March 2028.
+17%
change in chronic homelessness among shelter users
79,004
people placed in more stable housing under Reaching Home
138,744
people who received prevention or shelter diversion services under Reaching Home
Shared Equity Mortgage Providers Fund
The Shared Equity Mortgage Providers Fund will help 1,500 homebuyers buy their first home and assist in the creation of 1,500 projected new homeownership units.
$38.25M
committed to help create new units
Budget: $100 million
1,377
new homeownership units
Target: 1,500 units
First-Time Home Buyer Incentive
The First-Time Home Buyer Incentive’s goal is to help up to 100,000 qualified first-time homebuyers purchase a home.
$464.48M
in Shared Equity Mortgages
Budget: up to $1.25 billion
25,668
applications approved
Target: up to 100,000 units
Solutions Labs
Solutions Labs offer organizations funding and expertise to help them solve complex housing problems. The funding is used to explore new ways of making progress on a housing challenge.
Solutions Labs are formed through either our annual open call for proposals process or through our directed lab stream.
$16.70M
in funding
Budget: $24.5 million
73
funded labs
Demonstrations Initiative
Demonstrations Initiative funds demonstrations, in a real environment, of solutions supporting housing affordability, the National Housing Strategy priority areas, population groups and outcomes.
$8.30M
in funding
Budget: $12.5 million
43,
Demonstration projects
Housing Supply Challenge
The Housing Supply Challenge invites citizens, stakeholders and experts from across Canada to propose innovative solutions to the barriers that limit housing supply. The initiative will result in new ideas and solutions that will help more people find an affordable place to call home.
$168.50M
funding committed
Budget: $300 million
59
projects funded
One-time top-up to the Canada Housing Benefit
The One-Time Top-Up to the Canada Housing Benefit was designed to help lower-income renters with the increased cost of rent.
$402.37M
in payments
815,190
applications received
Indigenous Shelter and Transitional Housing Initiative
The Indigenous Shelter and Transitional Housing initiative supports the construction of shelters and transitional housing for Indigenous women, children and LGBTQ2S+ people fleeing gender-based violence. The initiative will fund at least 38 shelters and 50 transitional homes.
Provincial and Territorial Initiatives
We are working with Provinces and Territories to provide an update on the progress of programs under the bilateral agreements and against the National Housing Strategy targets. We expect this data will be available shortly.
Quarterly Progress Reports
Learn more about how the National Housing Strategy is working. These quarterly reports will measure the Strategy's overall success and provide an overview of how the programs are progressing.
- June 2024 (PDF)
- March 2024 (PDF)
- December 2023 (PDF)
- September 2023 (PDF)
- June 2023 (PDF)
- March 2023 (PDF)
- December 2022 (PDF)
- September 2022 (PDF)
- June 2022 (PDF)
Other Reports
Mapping our progress
The National Housing Strategy has projects across Canada. See what’s happening near you.