Social Housing Agreements Cmhc

The majority of the off-reserve social housing portfolio is managed by the provinces and territories under a variety of long-term agreements. These agreements set out the guidelines and conditions for financing housing programmes, while the administration is in the hands of those most in touch with local needs. The rest of the portfolio is managed directly by CMHC. The multilateral framework reaffirms a common vision of housing and lays the foundation for bilateral agreements on the implementation of important initiatives of the national housing strategy. The 10-year agreement will invest more than $990 million in the protection, renewal and expansion of social and community housing and will support the priorities of Homes for BC, the provincial government`s 30-point plan for housing accessibility in British Columbia. These agreements are in line with the new vision for housing as part of the national housing strategy, are more flexible and in line with expected results. . . .

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