Canada Mortgage and Housing Corporation (CMHC) announced 22 new grants to improve housing affordability got Canadians. These grants total $99,700 and shall be awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.
ACT has been in operation since 1990, and it provides grants of up to $5,000 to teams of municipalities and private or non profit home builders who promote the improvement of planning and building regulations in their communities to make housing more affordable, also responsive to local needs.
ACT offers a wealth of proven best practices and lessons leered so that communities can benefit from the innovation of others.
ACT is funded by CMHC and administered and delivered by the Federation of Canadian Municipalities (FCM) with the participation of Canadian Home Builders’ Association (CHBA) and the Canadian Housing and Renewal Association (CHRA).
It is great to see these grants come about to help housing affordability for Canadians.
ACT grants have been able to help home builders working with municipalities to get approvals and eliminate hurdles in both planning and building regulations in order to improve housing affordability and choice, which is something we need in Canada.
We might be out of the recession as a whole, but this does not mean that housing affordability has decreased for Canadians.
Glen Chapman
Broker of Record with Club “100″ GMAC Real Estate
www.club100realestate.com
