The Federal Lands Initiative is a $200-million fund that supports the transfer of surplus federal lands and buildings to eligible proponents. This is available at discounted to no cost to be developed or renovated for use as affordable housing. The discount on the property will depend on the level of social outcomes achieved by the winning proposal. Once transferred, the property will be developed or renovated into affordable, sustainable, accessible and socially inclusive housing.
The Federal Lands Initiative is led by the Canada Mortgage and Housing Corporation (CMHC) with support from:
- Public Service and Procurement Canada (PSPC)
- Employment and Social Development Canada (ESDC)
- Canada Lands Company (CLC)