Federal government creates $1.713 billion housing supply payment program for provinces and territories
An Act to authorize certain payments to be made out of the Consolidated Revenue Fund for the purpose of improving housing supply
Plain-language summary · AI-assisted · not legal advice
A new federal law authorizes the Minister of Finance to pay a total of $1.713 billion to provinces and territories to support improvements in housing supply. The Minister has full discretion over how much each province or territory receives and when payments are made. Funds will come directly from Canada's Consolidated Revenue Fund. Provincial and territorial governments are the direct recipients, though the practical downstream effects on housing programs will depend on how each jurisdiction allocates the money. Operators, developers, and municipalities in the housing sector should watch for announcements from their provincial or territorial government about how these funds will be deployed.
Who this affects: provincial governments · territorial governments · housing developers · municipal governments · affordable housing program administrators
Source of truth: P-4.7 on the official source
Legislative text © King's Printer for Ontario. This page is not an official version of the law and is not legal advice. Verify against the official source before acting.
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