Through Budget 2016, we are delivering a one-time federal investment of over $77.6 million over two years to renovate and retrofit social housing units directly administered by CMHC.
We issued a one-time Call for Applications in June 2016. Final decisions on applications were completed in June 2017, and all applicants have been advised.
The value of the work requested in applications well exceeds the total funding available. Highest priority is being given to projects in greatest financial need for work that addresses the risk of losing units (due to health and safety issues, regulatory or legislated requirements). We also evaluated the overall governance of projects to make sure this funding will support viability.
In February 2017, the Government of Canada announced the first projects approved for funding under the Reno/Retro 2016 initiative. Further announcements will be made at a later date.