PASADENA, NL, March 21, 2025 /CNW/ - Today, the Government of Canada announced an investment of over $2.2 million to build, pre-develop or spur the construction of 73 homes across western Newfoundland and Labrador.
This funding, provided under the Canada Greener Affordable Housing Program (CGAH), the Housing Accelerator Fund, round 2 (HAF2) and the Affordable Housing Fund (AHF), has been allocated to support pre-retrofit activities, key energy-efficiency renovations needed for multi-unit residential buildings as well as spur the construction of 35 new homes over the next three years. These investments will help low- and moderate-income households enjoy comfortable, affordable homes for longer. Further details on these programs can be found in the Quick Fact section below.
The Government of Canada is making life more affordable for Canadians — and housing is key to our work. We will continue to work with provincial, territorial, and municipal governments, as well as Indigenous partners, to keep building more homes for Canadians, faster.
A detailed list of all the projects that received federal funding through the Canada Greener Affordable Housing, the Housing Accelerator Fund and the Affordable Housing Fund is provided in an appendix to this release.
Quotes:
"The market alone won't deliver the housing affordability we need. These projects represent major progress in returning a strong federal role to affordable and non-market housing. It's now time to double down on that commitment." – The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities
"Our Government is investing in affordable housing here in Newfoundland and Labrador and across Canada to help create jobs and improve the quality of life for those who need it most. Thanks to the combined efforts of our partners, we are able to give a helping hand to individuals in need, and in doing so, we are contributing to the economic and social well-being of the entire community." – The Honourable Gudie Hutchings, Member of Parliament for Long Range Mountains
Quick Facts:
- The National Housing Strategy (NHS) is a 10+ year, $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed.
- As of December 2024, the federal government has committed $60.09 billion to support the creation of over 156,000 units and the repair of over 298,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence.
- The Affordable Housing Fund (AHF) provides funding through low-interest and/or forgivable loans or contributions to partnered organizations for new affordable housing and the renovation and repair of existing, affordable and community housing. This is a $14.6 billion program under the National Housing Strategy (NHS) that gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous Peoples, people living with disabilities, those with mental health or addiction issues, Veterans, and young adults.
- As of December 2024, the Government of Canada has committed $10.87 billion to support the creation of almost 42,000 units and the repair of over 168,000 units through the Affordable Housing Fund.
- Budget 2024 announced enhancements to the AHF which includes the program being extended from 2025 – 2026 to 2028 – 2029. The existing New Construction Stream is now divided into two dedicated sub-streams: a Rapid Housing Sub-Stream for the creation of shelters, supportive and transitional housing for those in greatest need, and a dedicated Community Housing Sub-Stream to support affordable and mixed-market housing where there are both affordable and market rent units in a project. The Repair and Renewal Stream has replaced minimum requirements with an approach where projects supporting accessibility and energy efficiency will be prioritized.
- The Housing Accelerator Fund is part of Canada's National Housing Strategy and Canada's Housing Plan, the most ambitious federal housing plan in over 40 years. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing Funding Initiatives Map shows affordable housing projects that have been developed.
- As of September 2024, the federal government has committed $57.57 billion to support the creation of over 156,000 units and the repair of over 297,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence.
- In Budget 2024, the federal government committed an additional $400 million to incentivize more local governments to fast-track home construction, resulting in an additional 12,000 new homes permitted over the next four years.
- The Canada Greener Affordable Housing (CGAH) is providing $1.2 billion to make multi-unit rental housing serving low- and moderate-income households more energy efficient and environmentally friendly.
- CGAH is a financing program to help community housing providers complete deep energy retrofits on their multi-unit residential buildings, improving their quality and adapting homes to the effects of climate change and extreme weather events leading to deep reductions in energy consumption and greenhouse gas (GHG) emissions.
- CGAH provides contributions for pre-retrofit activities needed to plan, prepare, and apply for retrofit funding as well as forgivable and low-interest loans to help finance building retrofits and activities needed to meet climate objectives.
Additional Information:
- Visit Canada.ca/housing for the most requested Government of Canada housing information.
- CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's aim is that everyone in Canada has a home they can afford and that meets their needs. For more information, follow us on X (formerly Twitter), Instagram, YouTube, LinkedIn and Facebook.
- Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed.
Appendix: Projects receiving federal funding through the Canada Greener Affordable Housing Program, the Housing Accelerator Fund and the Affordable Housing Fund
Project Name |
Program |
Address |
Funding |
New Construction, |
Units |
Pre-Retrofit Project for Junction Road
|
CGAH |
18 Junction Road, Bishop's Falls |
$41,400 |
Pre-Development |
9 |
CGAH Pre-Retrofit Project for Marshall Court
|
CGAH |
21 Marshall Court, Stephenville |
$96,600 |
Pre-Development |
21 |
Non-Profit Affordable Housing Initiative |
AHF |
17 Stadium, Channel-Port aux Basques |
$878,383 |
New Construction |
8 |
Pasadena HAF |
HAF |
Pasadena |
$1,215,000 |
Additional Units Permitted |
35
|
Total: |
$2,231,383 |
73 |
|||
SOURCE Canada Mortgage and Housing Corporation (CMHC)
Contacts: Sofia Ouslis,Office of the Minister of Housing, Infrastructure and Communities, [email protected];Media Relations, Canada Mortgage and Housing Corporation, [email protected]
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