The Government of Canada has announced the new $6 billion Canada Housing Infrastructure Fund to help support the cost of building infrastructure that supports new residential density and population growth.
The $5 billion portion is going towards provincial governments, as the federal government is looking to ask the provincial governments to mandate their municipalities to enable more residential density, amongst various new federally mandated directions relating to housing. In exchange for a share of the $5 billion of funding, Trudeau's federal government is now giving provincial governments until January 1, 2025 to reach an agreement that promises the enactment of new provincial legislation that requires municipal governments to enable four units on single-family lots, such as duplexes, multiplexes, townhouses, and multi-family apartment buildings.
However, if the provincial governments are uncooperative and do not reach an agreement with the federal government at the start of the new year, the $5 billion funding allocation will be added to the $1 billion municipal government stream, which suggests that the federal government will instead negotiate directly with municipal governments.
"This is about fairness ‒ making sure communities have the safe, quality housing they need to get ahead."
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