Through the National Housing Strategy, the federal government will invest $500 million over 10 years for the Federal Community Housing Initiative. This will be implemented in 2 phases.
Phase 1 will:
- provide funding over a 2-year period to support federally administered community housing projects as long-term agreements reach their end dates
- give housing providers time to prepare for modernization and transition to a new Phase II rental support program beginning April 1, 2020.