Overview
- The government published its market-sounding document on August 11 to guide design of Build Canada Homes as both affordable-housing developer and financing facilitator.
- It proposes $10 billion in low-cost loans for affordable homebuilders along with $25 billion in debt and $1 billion in equity for prefabrication firms.
- Priority project criteria include use of Canadian-made materials, faster conversion of federal lands to housing and support for co-ops, non-profits and Indigenous providers.
- Industry and public stakeholders have until August 31 to submit feedback that will inform the final program ahead of its planned fall launch.
- Officials are still weighing governance options—from a Crown corporation to a special-purpose entity or department unit—with a CMHC task force evaluating structures to minimize added bureaucracy.