Agenda National Housing Strategy overview Area of focus - - PowerPoint PPT Presentation

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Agenda

• National Housing Strategy overview
• Area of focus
• Programs available to Co-ops
• Success stories

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A vision for housing in Canada

Canadians have housing that meets their needs and that they can afford. Affordable housing is a cornerstone

• f sustainable, inclusive communities

and a Canadian economy where we can prosper and thrive.

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Create New Housing Funding and financing

• pportunities

to build new affordable housing. Modernize Existing Housing Resources for Community Housing Providers Innovation and Research Funding and financing

• pportunities to renew

and renovate the existing affordable housing stock. Technical assistance, tools and funding

• pportunities to

increase capacity and support the community housing sector. Funding opportunities to promote excellence and innovation in the housing research and data sector.

Areas of focus under the Strategy

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PRESERVATION FUNDING

Provide financial assistance to federally administered social housing providers whose operating agreements are approaching expiry, and who require assistance in maintaining the viability of their projects. This Fund supports preservation activities that will help Providers achieve a more viable and sustainable business model, and prepare them for other funding opportunities. − Building condition audit / assessment (BCA) − Capital replacement reserve planning (CRP) − Refinance consultation, analysis, assessment − Operating viability analysis − Age-friendly conversion assessment − Energy audit

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FEDERAL COMMUNITY HOUSING INITIATIVE

Phase 1: Subsidy Extension Temporary funding to support eligible federally- administered community housing projects that are reaching the end of their operating agreement. Phase 2: New Rental Assistance Program Consultations will establish a new rental assistance program and put in place new operating agreements as

• ld ones expire.

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PREPAYMENT FLEXIBILITY FOR CO-OPERATIVE AND NON-PROFIT HOUSING PROVIDERS

Co-operative and non-profit social housing providers can apply to prepay their mortgage without incurring a penalty.

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SEED FUNDING

Create New Housing

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NEW CONSTRUCTION

Supports Costs for pre-development activities related to the construction of new affordable housing supply.

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SEED FUNDING

Preserving Existing Housing Units

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• The Preservation Stream is open to community housing

sector groups who were previously under a federally administered operating agreement or to those transferred under a Social Housing Agreement whose federal

• perating agreements have ended.
• If you hold an active federally administered operating

agreement and need this type of funding, please visit Preservation Funding for Community Housing.

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National Housing Co-Investment Fund

Create New Housing

Eligibility Groups

• Community housing

providers (public, private non-profit, rental co-op, etc.)

• Municipalities
• Provinces and territories
• Indigenous governments

and organizations

• Private sector

Projects

• Urban Indigenous community housing
• Mixed-use market and/or affordable

rental housing

• New construction and/or conversion

from a non-residential use to affordable multi-unit housing

• Shelters
• Transitional and supportive housing

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National Housing Co-Investment Fund

Create New Housing

Project requirements

• Have at least 5 units or beds.
• Ensure primary use is residential.
• Meet minimum requirements for:
• partnerships;
• financial viability;
• affordability;
• energy efficiency; and
• accessibility.

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National Housing Co-Investment Fund

Housing Repair and Renewal Stream

• When feasible, a loan should be considered as the first option by

proponents and may be combined with a contribution. Capital contributions may be available in addition to a Co-investment loan in the following circumstances:

• additional funding for higher performing projects to offset higher costs
• f meeting or exceeding minimum requirements
• where cash flow is insufficient and contribution is needed to attain

break-even cash flow

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National Housing Co-Investment Fund

Urgent Repair and Renewal Stream

• A repair can be considered urgent if it is required to protect the

health and safety of occupants and/or prevent the deterioration of the building and potential loss of rentable units.

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National Housing Co-Investment Fund

Urgent Repair and Renewal Stream

• If under Regular repair and renewal stream all projects must meet

minimum criteria for energy efficiency and accessibility

• Under Urgent repair and Renewal Stream Minimum criteria for

accessibility and energy efficiency required where practically and technically possible. I.e. repairs/replacement of systems that consume energy. Urgent repairs projects are eligible for funding to include features that increase the accessibility of the dwelling units and common areas.

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National Housing Co-Investment Fund

Urgent Repair and Renewal Stream

• Urgent repairs and regular repairs should be included in one
• application. We want to ensure that a project remains sustainable

for the next 20 years or more, so are interested in all needed

• repairs. Urgent repair means that we recognize the need to

address an issue that is affecting health and safety or deterioration

• f the building. It does not mean emergency funding nor faster

access to approval or funding.

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Prioritization – Common Elements

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Common elements Elements of prioritization Affordability Greater number of units, and depth of affordability Energy Efficiency On a life cycle basis, greater than 25% efficiency improvement and greenhouse gas emission reduction Accessibility Greater number of accessible units and level of accessibility Average proximity to transit Proximity to transit systems and /or hubs Collaboration/Partnerships Supports whole-of-government approach and includes multi-type partners (e.g., non-profits and private developers) Social Inclusion Mixed income; integrated supports and services; servicing vulnerable populations; accessibility features; proximity to amenities and community supports Supporting Federal Priority Groups Projects that target priority populations: women and children fleeing family violence, projects specifically serving women and girls, seniors, Indigenous peoples, people with disabilities, those dealing with mental health and addiction issues, veterans, young adults, visible minorities and newcomers.

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FAQs

• Who applies?

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FAQs

• What if I just want grant money?

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Outlines the broad steps to creating a housing strategy for an age-friendly community. Free download from: www.cmhc.ca/observer

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Age-friendly community resources

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Housing Strategy and Action Plan for a Diverse Population

Benefits of a well-planned age-friendly community:

• Walkability
• Good transit and transportation
• Well-coordinated health and social services
• Employment and volunteer opportunities
• Affordable, accessible housing
• Housing that allows tenants or owners to age in place
• Less isolation, and more inclusion and

intergenerational connection

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SOCIÉTÉ CANADIENNE D’HYPOTHÈQUES ET DE LOGEMENT

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Visitable Homes

• 1. No Step Entry
• 2. Clear Passageway
• 3. Accessible Bathroom

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Success Story

• A success story by CHF Canada, published in the

Success Story

• Ramsay Hights Coop, Calgary

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www.cmhc-nhs.ca