On November 21, the 2023 Fall Economic Statement announced the renaming of the National Housing Co-Investment Fund (NHCF) to the Affordable Housing Fund with an additional funding of $1 billion over 3 years, starting in 2025-26, to build more affordable housing.
Funding is still available under the current NHCF. The federal government intends to announce reforms to the Affordable Housing Fund in early 2024.
This option of the Affordable Housing Fund - Contribution Fund increases access to housing funding for Black-led organizations. The contribution funding supports Black-led* organizations to build housing benefiting Black households.
* As a guideline, an organization is deemed Black-led when at least two-thirds of its leadership and governance positions are occupied by people self-identifying as Black.