To ensure existing rental housing is not lost to disrepair and to develop new, high-performing affordable housing integrated with supports and services, the federal government created a $15.9-billion federally managed National Housing Co-Investment Fund.
The Fund consists of nearly $4.7 billion in financial contributions and $11.2 billion in low interest loans.
The territorial government, through the Northwest Territories Housing Corporation (NWTHC) will be a primary partner in Co-Investment Fund projects with the federal agency, the Canada Mortgage and Housing Corporation (CMHC). Together they will seek to attract partnerships with municipalities, non-profits, and the private sector.
Projects that may be eligible for the Co-Investment Fund include:
- Creation of shelter spaces
- Transitional and supportive housing
- New affordable housing
- Renewed affordable housing (repairs and renovations)
- Making homeownership more affordable
The Co-Investment Fund also prioritizes the following objectives:
- High energy-efficiency
- Accessibility for persons with disabilities
- Proximity to community services
More information can be found here:
- new construction stream: https://www.cmhc-schl.gc.ca/en/nhs/national-housing-co-investment-fund-n...
- repair and renewal stream: https://www.cmhc-schl.gc.ca/en/nhs/housing-repair-and-renewal-stream
Or contact CMHC or the NWTHC:
Sandra Turner, Client Relations, Canada Mortgage and Housing Corporation ,firstname.lastname@example.org
Revi Lau-a, Director of Policy and Planning, Northwest Territories Housing Corporation, email@example.com