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Housing, Infrastructure & Communities Canada: "As you note (Canada Housing Infrastructure Fund) program requirements include that municipalities & regional govts with a population of 300,000 or more must implement a 3-year freeze on increasing the cost of development charges" https://lnkd.in/gnfsFwUU

Aimed at supporting the cost of #building infrastructure for new residential density and population growth, the Government of Canada has announced the new $6 billion Canada #Housing Infrastructure Fund – via ReNew Canada

Canada Launches $6B Housing Infrastructure Fund to Boost Development On November 7, 2024, the Canadian government officially launched the Canada Housing Infrastructure Fund (CHIF), a $6 billion initiative aimed at accelerating the construction and enhancement of essential infrastructure to support housing development. Key Details: - Funding Streams: CHIF allocates $1 billion directly to municipalities and Indigenous communities, with at least 10% reserved for the latter. - Eligibility Criteria: To qualify, municipalities with populations over 30,000 must permit four units per lot in serviced residential areas. Additionally, those with populations exceeding 300,000 must implement a three-year freeze on development charge increases beyond April 2, 2024, rates. - Application Timeline: Applications are open until March 31, 2025, targeting projects substantially completed by September 2031. Click here to learn more: https://lnkd.in/gem-9Wm6

"Applicants must meet two conditions to become eligible. They must: Adopt zoning for "four units as-of-right" per lot in all low-density residential areas with municipal servicing (i.e., water and sewer) in communities with populations greater than 30,000; and Implement a three-year freeze on increasing development charges above the rates that were in effect as of April 2, 2024 (when CHIF was initially announced) in municipalities or regional governments with populations greater than 300,000, according to Statistics Canada."

🏡🇨🇦The federal government is investing billions in a new Canada Housing Infrastructure Fund to address the housing crisis. Provinces and territories must meet certain conditions to access the funding, such as allowing more types of homes and freezing development charges. Additional funding is also going to a housing accelerator fund. These measures are part of the government's efforts to tackle housing issues. What are your thoughts about this new initiative by the Canadian government?

Insights on the Canada Community-Building Fund (CCBF) The Canada Community-Building Fund (CCBF) is a crucial, stable funding source providing $2.4 billion annually to over 3,600 communities. It supports essential infrastructure projects like roads, public transit, and recreational facilities, enhancing the quality of life for Canadians. Key Points: Infrastructure Investment: Funds 19 categories, including drinking water, wastewater, and community energy systems. Housing Support: Aligns infrastructure projects with regional housing goals, promoting affordability and urban density. Economic Growth: Boosts productivity, economic growth, and environmental sustainability. Equitable Distribution: Funds are allocated based on per-capita calculations, adjusted every five years with new census data. Accountability: Structured agreements ensure transparency and efficient use of funds, with annual confirmations of allocations and housing actions. The renewed CCBF agreements (2024-2034) ensure continued support for building resilient, vibrant communities across Canada. https://lnkd.in/et4mCwv8

Canada Launches $6B Housing Infrastructure Fund to Boost Development On November 7, 2024, the Canadian government officially launched the Canada Housing Infrastructure Fund (CHIF), a $6 billion initiative aimed at accelerating the construction and enhancement of essential infrastructure to support housing development. Key Details: - Funding Streams: CHIF allocates $1 billion directly to municipalities and Indigenous communities, with at least 10% reserved for the latter. - Eligibility Criteria: To qualify, municipalities with populations over 30,000 must permit four units per lot in serviced residential areas. Additionally, those with populations exceeding 300,000 must implement a three-year freeze on development charge increases beyond April 2, 2024, rates. - Application Timeline: Applications are open until March 31, 2025, targeting projects substantially completed by September 2031. Click here to learn more: https://lnkd.in/gQsJvPTF

Canada Housing Infrastructure Fund Launch: 1.) The government launches a $6B fund to boost critical infrastructure for housing. 2.) Development Charge Freeze: Eligible municipalities must freeze development charges for 3 years to qualify. 3.) CRE Opportunity: Lower DC rates mean reduced development costs, presenting a ripe opportunity for growth in the residential real estate market. The CHIF brings incentives that could shape a more affordable path for development. Are you ready to leverage these opportunities? https://lnkd.in/gxiPcXJ2

Canada Unveils $6 Billion Fund to Kickstart Housing Infrastructure and EcoFriendly Development The Canadian government unveils a $6 billion "Canada Housing Infrastructure Fund" to expedite home construction and essential infrastructure upgrades, including water and waste systems. Announced by Prime Minister Justin Trudeau and Housing Minister Sean Fraser in Dartmouth amid protests, this initiative is part of the Liberals' pre-budget commitments. The fund dedicates $1 billion to immediate infrastructure needs and requires municipalities and provinces to adopt measures enhancing housing supply and affordability. Provinces and territories have deadlines by 2025 to secure agreements, with unclaimed funds redirected. Additionally, Trudeau pledged an extra $400 million to the "Housing Accelerator Fund," aiming to facilitate over 750,000 new homes and streamline construction processes. #VeritasMedia #CanadaHousingFund #InfrastructureUpgrade #HomeConstructionBoost #WaterWasteInnovation #HousingCrisisSolution #TrudeauHousingInitiative #AffordableLiving #NationalBuildingCode #UrbanDevelopment #EcoFriendlyHousing #RapidConstruction #HousingAffordability #CanadianRealEstate #MunicipalInnovation #PublicTransitExpansion #CommunityHousing #RentalSupport #YouthHousingAccess #HousingPolicyReform #SmartCityPlanning

Three new housing funds were announced today. The Municipal Infrastructure Fund will provide a non-repayable grant, up to a maximum amount, to developers creating lots and subdivisions within municipalities in rural PEI with central services (water and/or sewer). The funding will support the extension of existing municipal central water and wastewater systems, public roads and sidewalks so that more land within the municipality is available for housing. Developments approved for the fund may also receive financing support through the Subdivision Development Financing Program. Additionally, the Government of Prince Edward Island is launching the Building Acceleration Grant to assist with road infrastructure for pre-existing lots already approved for development. Read the full release at the link below https://lnkd.in/gc_CPg3K Information on Municipal Infrastructure Fund https://lnkd.in/gu4ghF6m Infromation on Subdivision Development Financing Program https://lnkd.in/gJMJ4PKG Apply for Building Acceleration Grant https://lnkd.in/gUSz83Pk