The multilateral framework sets out a common vision for housing and lays the groundwork for bilateral agreements on the implementation of important initiatives in the national housing strategy. Jean-Yves Duclos, Minister of Family, Children and Social Development and Minister responsible for the Canadian Mortgage and Housing Corporation (CMHC), and Peter Milczyn, Ontario Minister of Housing and Minister of Poverty Reduction Strategy, announced today that they have reached a bilateral agreement under the NHS. This agreement, which is shared by the governments of Canada and Ontario at paid costs, demonstrates a shared commitment to the prioritization of affordable housing. The province of B.C. and the Canadian government each contributed US$88.7 million over four years from April 1, 2002 to March 31, 2006. With funding from this agreement, approximately 3,900 units have been created by the Provincial Housing Program, the BC Independent Living Program and the Community Partnership Initiatives Program. Renunciation of paragraph 4.2 of the initial agreement on investments in affordable housing on June 15, 2018. As Canada`s housing agency, the CMHC contributes to the stability of the housing market and the financial system, supports Canadians in housing shortages, and provides unprejudiced research and advice at all levels of the Canadian government, consumers and the housing industry. For more information, visit our website or follow us on Twitter, YouTube, LinkedIn, Instagram and Facebook. “The Government of Canada is proud to sign its first bilateral agreement as part of the National Housing Strategy, which will help thousands of Ontario families who are still waiting for an affordable place to call home.
For more than a decade, long-term and predictable funds have been needed for housing. Together, we will build strong communities in which Canadians can prosper and prosper now and in the future. ” – Jean-Yves Duclos, Minister of Family, Children and Social Development and Canada`s Minister of Mortgage and Housing OTTAWA, ON, November 13, 2020 /CNW/ – Every Canadian wins a place to call home, which is why the governments of Canada and Ontario are providing $4 million to help create new affordable housing in the municipality of Bells Corners. This investment will provide more individuals and families with access to stable housing in their communities. The transfer helps streamline and streamline administration and allows the province to access housing services by providing a window. The province can use the savings from the efficient use of federal funds to preserve existing inventory and invest in housing for low-income households. In June 2016, the Government of Canada and the province of B.C. announced the 2016 Social Infrastructure Fund agreement as part of the Affordable Housing Investment Agreement to improve quality and increase the supply of affordable rental housing in the province. Under this agreement, the Government of Canada will contribute an additional $150 million and the province of B.C.
will contribute $63 million over a two-year period (April 1, 2016 to March 31, 2018). The appropriations will be committed as follows: these agreements are in line with the new vision of housing as part of the national housing strategy and are more flexible and in line with the expected results. The new bilateral agreements signed with the provinces and territories are presented below. “The signing of this bilateral agreement is an important step on the path our governments have taken in partnership – that meets Ontario`s unique needs and circumstances.