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 Indigenous and Northern Housing option of the Affordable Housing Fund provides low-cost and forgivable loans to:
- housing providers serving Indigenous people
- housing providers building and renovating housing in northern communities