New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows New housing agency will prioritize Canadian-made projects, document shows
Global News
The document says Build Canada Homes is positioned to support projects that deliver a "significant number" of affordable housing units.
Prime Minister Mark Carney’s promised new entity to spur massive amounts of housing construction will prioritize the building of affordable housing and the use of Canadian materials, says a consultation document published by the government on Monday.
The document shared by Canada’s housing department says Build Canada Homes is also intended to accelerate the speed at which federal lands are converted to housing, and to stress the use of materials, manufacturing and construction methods that reduce the cost and environmental impact of building.
It says financial and non-financial tools being explored include loans, equity investments, real property and housing investments, loan guarantees and contributions.
The department is still working on the program’s design and says it’s accepting feedback from the public until the end of the month.
The document, released as part of a consultation process with builders and other industry stakeholders, says Build Canada Homes is positioned to support projects that deliver a “significant number” of affordable housing units.
It also says the government will look at projects that expand the supply of housing run by organizations like co-ops, non-profits and Indigenous housing providers.
The document says the government will look for opportunities to use Canadian-made materials and regional production hubs, and to boost the efficiency of public dollars through tools like below-market-rate loans or private or philanthropic capital.
It will also prioritize projects that use new methods of construction, like prefabricated or 3D-printed construction.
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