Housing challenge worth $100,000 to winners
November 1, 2020
A $300-million housing challenge launched October 23 by Canada Mortgage and Housing Corp. could see the best 25 ideas to deliver more affordable homes each receive a $100,0000 grant during a variety of rounds.
Ahmed Hussen, Minister of Families, Children and Social Development, announced the launch of the first round of the Housing Supply Challenge will focus on data.
Round 1 is meant to improve data collection and reporting about housing supply. It is now underway and will be open for applications until January 20, 2021.
Up to 25 applicants will be shortlisted (Stage 1) and given $100,000 in funding to support the development of their final submissions (Stage 2). Then, $22.5 million will be shared among multiple solutions.
The Housing Supply Challenge will distribute a total of $300 million in funding over five years through various unique rounds. Successful submissions will first receive funding to prototype or incubate their proposal, then finalists will receive additional funding to implement it. For further details on timelines and application process for Round 1, visit the Impact Canada Housing Supply Challenge Website.