Canada’s new Housing Supply Challenge
CMHC is currently developing Canada’s first Housing Supply Challenge, a $300M competition announced in Budget 2019 to seek and to help implement new ideas to reduce the barriers associated with the creation of additional housing, and especially affordable or mixed income housing.
The program is likely to be divided into several categories. Possible categories include intensification while enhancing quality of life,Northern housing, housing data and others. The ability to replicate proposals will likely be an important criterion in the competitions. The first round of the competition is expected to be announced in June 2020, with an initial application deadline in October or November. The current plan is to begin with the challenge: “Reduce local planning and approval timelines for housing development”.
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