FCM welcomes National Housing Co-investment Fund announcement

Federation of Canadian Municipalities (FCM) President Jenny Gerbasi issued this statement following today’s National Housing Co-Investment Fund announcement by the federal government.

“The launch of the National Housing Strategy (NHS) last fall was a breakthrough, and today’s announcement brings its largest component to life. This significant investment puts tools directly in the capable hands of local governments and affordable housing providers.

“These investments are about strengthening our federal-municipal partnership to build a future for Canada where 1.7 million households aren’t struggling to find a decent home. Turning these investments into real outcomes will require sustained collaboration among all partners. With the right tools, local expertise stands ready to repair, retrofit and grow Canada’s affordable housing supply.

“Municipalities are already innovating to support high-impact housing projects — with land contributions, expedited approvals, zoning changes, and more. Engaging municipal expertise in the continued design of this fund will be critical to its ability to prioritize high-impact housing projects that reflect local needs. FCM expects deepened engagement and stands ready to work with the federal government to help get the details right.

“Affordable housing is the bedrock of the livable, inclusive communities we want to build. That’s why FCM has worked hard to secure and shape the National Housing Strategy. We commend Minister Duclos for his leadership, and the federal government for their meaningful reengagement in affordable housing.”