Affordable housing — Budget 2017
TORONTO — Investing in affordable housing is about making things better for Canadians families and helping them succeed, building healthier lives, more opportunities for jobs and making neighbourhoods better.
Budget 2017 proposes to invest more than $11.2 billion over 11 years, in addition to preserving the baseline funding for Canada Mortgage and Housing Corporation related to expiring social housing agreements. These investments are for initiatives designed to ensure that more Canadians have access to housing that meets their needs and that they can afford.
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, was in Toronto to highlight housing measures in Budget 2017. With its strong focus on innovation, housing, skills, partnerships and fairness, Budget 2017 takes the next steps in securing a more prosperous future for all Canadians.
- Later this year, CMHC will deliver the National Housing Strategy, which will include some of the measures announced in Budget 2017, such as:
- A renewed partnership between the Government and provinces and territories to better support shared housing priorities.
- A new $5 billion National Housing Fund to address critical housing issues, and better support vulnerable citizens.
- Targeted support for northern housing to address higher needs and costs.
- Targeted housing support for Indigenous Peoples living in social housing off-reserve.
- Renewed and expanded federal investments to combat and prevent homelessness.
- Making surplus federal lands available for the development of affordable housing.
- Expanded funding to strengthen housing research and data collection.
- Budget 2017 initiatives build on the Government's Budget 2016 announcement of $5 billion over five years. These investments focused on seniors; energy and water efficiency of social housing; affordable rental housing construction, financing and innovation; building and maintaining shelters for victims of family violence; tackling homelessness; and additional investments for housing in First Nations, Inuit and Northern communities.