Skip to content
CMHC Home Canada Mortgage
and Housing Corporation
  • Sign In or Register
  • FRANÇAIS
  • MENU
MENU
× FRANÇAIS
  • Home
  • Professionals
    • Project funding and mortgage financing
      • Funding programs
        • Affordable Housing Innovation Fund
        • Community (social) housing
        • Federal Lands Initiative
        • Funding for Indigenous housing
        • Housing Accelerator Fund
        • Housing Supply Challenge
        • Innovation and research
        • National Housing Co-Investment Funding
        • National Housing Strategy Project Profiles
        • Rapid Housing Initiative
        • Rental Construction Financing Initiative
        • Shared Equity Mortgage Providers Fund
      • Mortgage loan insurance
        • Homeowner and small rental mortgage loan insurance
        • Homeowner Business Transformation (HBT)
          • Arrears Report Upload Tool - Coming 2022
          • Default Management Request Submission Tool
          • Homeowner Claims Submission Tool
          • User Access Management (Coming Soon)
        • Multi-unit mortgage loan insurance
          • MLI Select
        • Default, claims and properties for sale
        • Underwriting centre
        • emili
        • NHA approved lenders
        • Calculating GDS / TDS
        • How to recognize and report mortgage fraud
          • Approved Lender Advise of Fraudulent, False and Misleading Information
        • Contact mortgage loan insurance
        • Insured Mortgage Purchase Program (IMPP)
        • COVID-19: CECRA for small businesses has ended
      • Securitization
        • NHA Mortgage Backed Securities
        • Canada Mortgage Bonds
        • Canadian registered covered bonds
        • Blockchain in the housing industry
    • Housing markets, data and research
      • Housing markets
        • CMHC Reports Calendar
        • Housing market reports
        • Mortgage market and consumer reports
      • Housing research
        • Consultations
          • Prohibition on the Purchase of Residential Property by Non-Canadians Act
            • Prohibition on the Purchase of Residential Property by Non-Canadians Act – Frequently asked questions
        • Housing research reports
        • Housing surveys
        • Research awards and scholarships
        • Understanding core housing need
        • Collaborative Housing Research Network
      • Housing data
        • Data tables
          • Household characteristics data
          • Housing market data
          • Mortgage and debt data
          • Rental market data
        • Housing market information portal
        • Residential Mortgage Industry Data Dashboard
        • Housing in Canada Online (HiCO)
        • CMHC licence agreement for the use of data
        • Housing Knowledge Centre
    • Industry innovation and leadership
      • Housing innovation
      • Our Partners
        • Partnerships
        • Federal, Provincial and Territorial Forum on Housing
          • Resources for Members of the Federal, Provincial and Territorial Forum on Housing
      • Industry collaboration
      • Industry expertise
        • Affordable housing
        • Indigenous housing
        • Senior housing
        • Accessible and adaptable housing
          • Universal Design Guide
        • Developing sustainable housing
        • Resources for mortgage professionals
        • CMHC e-newsletters
    • Events and speakers
      • Conferences
      • Speakers’ bureau
  • Consumers
    • Buying a home
      • Homebuying calculators
        • Mortgage calculator
        • Affordability calculator
        • Debt service calculator
      • Buying guides
        • Homebuying step by step
        • CMHC's condominium buyer's guide
      • Mortgage loan insurance for consumers
        • What is CMHC mortgage loan insurance?
        • Do I qualify for mortgage loan insurance?
        • CMHC mortgage loan insurance costs
        • CMHC Eco Plus
        • CMHC — home renovation financing options
        • FAQs — mortgage loan insurance
        • COVID-19: understanding mortgage payment deferral
      • First-time home buyer incentive
      • Incentives for homebuyers
      • Newcomers
    • Owning a home
      • Manage your mortgage
        • Mortgage fraud
        • Mortgage planning tips
        • Plan and manage your mortgage
        • Your credit report
        • Your home value
      • Aging in place
        • Housing options for Seniors
        • Housing and finance tips
        • Mortgage financing options for people 55+
        • Preventing fraud and financial abuse
    • Renting a home
      • I want to rent
        • Things to consider before renting
        • Types of housing for rent in Canada
        • Finding or advertising a rental property
        • Visiting the rental property
        • Lease and rental agreements
        • Signing the lease
        • Credit checks and bad credit
        • Rental payments and deposits
        • Roommates and pets
      • I am renting
        • Moving day
        • Landlord/Tenant responsibilities
        • Inspections
        • Maintenance and repairs
        • Complaints and evictions
        • Rent increases
        • When you can't pay rent
        • Renewing or terminating the lease
        • Moving out
      • One-Time Top-Up to the Canada Housing Benefit
      • COVID‑19: eviction bans and suspensions to support renters
  • About CMHC
    • CMHC’s Story
    • Management and governance
      • Speakers’ bureau
      • Annual public meeting
      • Board of directors and committees
      • Our management committee
      • Pension governance
        • Pension overview
        • Key roles and responsibilities
        • Annual reports
    • Corporate reporting
      • CMHC annual report
      • Program evaluation
      • Quarterly financial reports
      • Joint auditors special examination report to CMHC board 2018
      • CMHC’s Insured Mortgage Deferral
      • Summary of the corporate plan
      • Transparency
        • Access to information and privacy protection
        • Accessibility at CMHC
        • Accessibility feedback process
        • Briefing materials
        • Procurement
          • Vendor Diversity Program
        • Travel, hospitality and conference expenditures
    • Contact us
      • CMHC departments
        • Contact your multi-unit housing solutions specialist
        • Contact mortgage loan insurance
        • Indigenous and the North Housing Solutions
      • Granville lsland
      • Media relations
      • National office
      • Regional offices
      • Holiday service hours
    • Careers
  • Media Newsroom
    • Coronavirus (COVID-19) updates
    • Media relations
    • New social housing buildings for women in Montreal
  • National Housing Strategy
    • What is the strategy?
      • About the initiatives
      • How to apply
      • Help and resources
      • Priority areas for action
      • The National Housing Strategy Glossary of Common Terms
      • The Strategy in Action
    • Federal/Provincial/Territorial housing agreements
    • Other funding and financing opportunities
  • The Housing Observer
  • Careers
  • Housing Knowledge Centre
 
  • Home
  • Media Newsroom
  • Canada launches housing applications for Black-led organizations
  • Save page to My Folder
    Save
  • Share this page
    Share
Save Icon

SAVE TO MY FOLDER

Canada launches housing applications for Black-led organizations

SAVE
Close this Window   |   Manage my Folder
Save Icon

SAVE TO MY FOLDER

Canada launches housing applications for Black-led organizations

Done Done!
Close this Window   |   Manage my Folder
Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • Twitter
  • print
  • CopyLink

SuccessCopyLinkVersionLink copied

Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • Twitter
  • print
  • CopyLink

SuccessCopyLinkVersionLink copied

share icon

Mail-blue Share via Email

Did You Know?

You can include an email signature?

Register | Sign In

×
Google Captcha Loader
share icon

Mail-blue Share via Email

Done Done!
Close this window

Canada launches housing applications for Black-led organizations

Ottawa (Ontario), June 24, 2022

Everyone in Canada deserves a safe and affordable place to call home.

Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, launched applications for funding dedicated to building housing for Black households through the National Housing Co-Investment Fund.

The $50 million carve-out will build upon the various investments and initiatives undertaken by the Government of Canada to support Black Canadians facing housing needs, as well as an additional $40 million in joint funding by the Government of Canada and Habitat for Humanity Canada to support homeownership for Black families across the country.

Black-led organizations can now apply for the carve-out funding. Please refer to the product highlight sheet for eligibility requirements on this webpage.

Through the National Housing Strategy’s National Housing Co-Investment Fund, the Government of Canada is assisting those in greatest need by creating a new generation of housing in Canada. This investment in another step in the federal government’s work to alleviate inequities faced by Black Canadians and supporting Black Canadians in housing need.

Quote:

Everyone deserves a safe and affordable place to call home. We have heard loud and clear from Black Canadian communities that more support was needed in the housing sector, and that is why we are making this unique investment through the NHCF for Black-led projects and projects serving Black Canadians. This is the National Housing Strategy at work. ”
— The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion

Quick facts:

  • The $50 million carve-out for Black households within the National Housing Co-Investment Fund (NHCF) seeks to encourage more applications for Black-led projects and projects serving Black households under this program.
  • Under the dedicated funding, Black-led organizations may be eligible for contributions to go towards the total project cost. These contributions can help attract funding from other sources and help remove barriers to Black-led housing projects.
  • The funding will provide contributions of up to 40% for project costs to build affordable rental housing that will benefit Black Canadians. Contribution Only applications can be fast-tracked through a simpler process and result in shorter turnarounds.
  • The current NHCF application process applies, with reduced turnaround times and simpler process for contribution only files.

About the National Housing Co-Investment Fund (NHCF):

  • With the $13.2 billion NHCF, the Government plans to:
    • Create up to 60,000 new homes
    • Repair up to 240,000 homes
    • Create or repair at least 4,000 shelter spaces for victims of family violence
    • Create at least 7,000 new homes for seniors
    • Create at least 2,400 new homes for people with developmental disabilities
  • As of March 31, 2022, over $5.3 billion has been committed to:
    • Create over 21,400 new homes
    • Repair over 92,000 homes
    • Create or repair over 2,700 shelter spaces for victims of family violence
    • Create over 4,900 new homes for seniors
    • Create over 600 new homes for people with developmental disabilities
  • To ensure these investments go even further, the Fund will support projects that attract additional funding from other levels of government, not-for-profit and co-operative housing providers, and the private sector.
  • Through the NHCF, homes will be more accessible for people with disabilities, more affordable for Canadians and will contribute to improved energy efficiency because of prioritized projects that meet and exceed minimum requirements.
  • We are working with partners to ensure that existing rental housing is not lost to disrepair and that new, permanent, affordable housing is built close to where it is needed, such as public transit, jobs, daycares, schools, and healthcare.
  • Through a combination of contributions and low-cost loans, this Fund invests in the growth of livable communities and contributes to the resilience of the community housing sector.
  • The NHCF will provide up to $4.52 billion in contributions and $8.65 billion in low loans over ten years.
  • The Fund will increase support for more shelter spaces for survivors of violence, transitional and supportive housing, and new ways to make homeownership more affordable.

Related links:

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. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford and that meets their needs. For more information,follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, please visit www.placetocallhome.ca.

Information on this news release:

Arevig Afarian
Office of the Minister of Housing and Diversity and Inclusion
Arevig.Afarian@infc.gc.ca

Media Relations
Canada Mortgage and Housing Corporation
media@cmhc-schl.gc.ca

Was this page relevant to your needs?

Thank you for your feedback!

Sorry to hear that! Can you tell us about the problem?

Google Captcha Loader

For further assistance, please contact us

Thank you. Your feedback has been submitted.

Date Published: June 24, 2022

By Topic

  • Professionals
    • Project funding and mortgage financing
    • Housing markets data and research
    • Industry innovation and leadership
    • Events and speakers
  • Consumers
    • Home buying
    • Owning a home
    • Renting a home

About Us

  • CMHC's Story
  • Management and Governance
  • Our Partners
  • Corporate Reporting
  • Contact Us
  • Careers

More

  • CMHC e-Newsletters
  • CMHC Library
  • Housing Observer Online
  • Media Newsroom
  • CMHC on Twitter
  • CMHC on LinkedIn
  • CMHC on Facebook
  • CMHC on Instagram
  • CMHC on YouTube
Privacy Policy    |    Terms and Conditions    |    Transparency    |    Accessibility Plan    |    Accessibility Feedback     Canada Mortgage and Housing Corporation (CMHC) ©2023 
Canada
loader icon