Enhancements to the Affordable Housing Fund and Apartment Construction Loan Program [Yahoo! Finance]
Cabot Corporation (CBT)
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Source: Yahoo! Finance
Construction Loan Program (ACLP) . These are the two largest housing supply programs in the National Housing Strategy (NHS). Across Canada there is an urgent need for affordable housing and rental homes available to middle class families and individuals, along with vulnerable populations, students, and seniors. The upcoming enhancements to both the AHF and ACLP will make it easier for housing providers to build housing for these specific groups in the communities they serve. Combining these enhancements with the recently announced Frequent Builder framework will allow housing providers to build more types of housing, faster. Housing providers will be able to submit applications using the new enhancements on November 22, 2024 , and can reach out to their CMHC specialist to learn more. The Affordable Housing Fund enhancements will: Extend the program from 2025-26 to 2028-2029. Divide the existing New Construction Stream into two dedicated sub-streams: A Rapid Housing Sub- St
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