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House Hansard - 324

44th Parl. 1st Sess.
June 4, 2024 10:00AM
Context: House Hansard - 324 - Jun/5/24
Mr. Francis Drouin (Parliamentary Secretary to the Minister of Agriculture and Agri-Food, Lib.)
  • Jun/5/24 12:04:27 a.m.
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Madam Speaker, I am always pleased to share information about how the Government of Canada is taking concrete action to help build more homes faster. A key part of our work is to ensure fairness for every generation. For decades now, co-operative housing has provided affordable housing and caring communities for Canadians. That is why the Government of Canada is supporting the co-operative housing sector to grow and become more resilient. In budget 2024, we proposed a number of measures that will benefit co-operative housing providers and the families that call these communities home. First, we proposed to enhance the affordable housing fund with an additional $1-billion top-up. This brings the fund to $15 billion, and we encourage co-operatives to continue to access it to build units and repair existing ones. We also proposed to protect and expand affordable housing by creating a new $1.5-billion Canada rental protection fund. This fund will provide loans and contributions to help housing providers acquire units that will be rented at affordable rates and preserve rents at a stable level for decades to come. It will prevent those units from being redeveloped into out-of-reach condos or luxury rental units. We also proposed to keep not-for-profits and co-op homes affordable by introducing new flexibilities to the federal community housing initiative. This will ensure eligible housing providers can access funding to maintain affordability for low-income tenants and co-op members. Finally, our new Canada greener homes affordability program will help housing providers make energy-efficient retrofits that will help them and their tenants. In addition to these initiatives specifically designed for not-for-profit and co-operative housing, we announced a number of measures that will make it easier to get affordable housing projects off the ground. For example, the $400-million top-up to the housing accelerator fund will help more local governments cut red tape and make the changes needed to get more housing built faster. Our investments to boost the productive capacity of the construction industry will ensure that Canada has the workers and innovative technologies needed to scale up supply. Starting in 2024-25, we plan to invest $100 million over two years to encourage Canadians to explore careers in the skilled trades and to help create apprenticeship placements. Our new $6-billion Canada housing infrastructure fund will help communities build the essential infrastructure needed to support more homes and more vibrant and livable neighbourhoods, including with co-operative housing. The Co-operative Housing Federation of Canada supports our plan. It said, “We recognize and support the important federal commitments detailed in today’s plan to ensure co-op housing is part of the supply response to this generation’s housing crisis”. While not part of budget 2024, I would also like to note that the housing plan launched just ahead of the budget includes a $1.5-billion co-operative housing development program developed with the CHFC that will commence this summer. The program will build capacity with the co-op sector and support the sustainability of housing. It is an effective and affordable model that has stood the test of time. We are there for co-op housing, we are there for Canadians and we will continue to support building co-op housing across Canada.
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