OTTAWA, September 19, 2017 — Be a part of the future by transforming affordable rental housing in Canada. Today marks the official launch of the Student Challenge for Affordable Rental Housing, which is part of the federal government’s Affordable Rental Innovation Fund. This challenge is an exciting opportunity for any student registered in an accredited post-secondary educational institution in Canada who has a new and fresh approach to creating affordable rental housing.
Students can work individually or create a team, the goal is to rethink and revolutionize the affordable rental housing sector. Cash prizes of $10 000 will be awarded to winning submissions. In addition, winners may be eligible for funding to help transform their innovative concept into a tangible project.
“Our future rests in the hands of today’s youth so what better group of people to approach for this unique challenge. The Student Challenge for Affordable Rental Housing is an inspirational initiative filled with promise and excitement for what is to come. I am eager to see how these dynamic contributors can change the face of affordable rental housing in Canada.”
- The goal of the Affordable Rental Innovation Fund is to encourage new funding models and innovative building techniques in the rental housing sector.
- This Student Challenge is seeking affordable rental housing solutions that are new to Canada, with innovative building techniques and business or financing models that lower the costs and risks associated with rental housing.
- Projects submitted must also meet criteria related to: affordability, financial viability, energy efficiency and accessible features.
- All applications must be submitted to Canada Mortgage and Housing Corporation (CMHC) by 11:59 p.m. EST on April 30, 2018 in order to be eligible.
As Canada's authority on housing, 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. Follow us on Twitter, YouTube, LinkedIn and Facebook.
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