The Government of Canada, through CMHC, works with its provincial and territorial partners to reduce the number of Canadians in need by improving access to affordable housing. Since 2011, new federal funding for affordable housing has been provided through the Investment in Affordable Housing (IAH).
Through initiatives like new construction, renovation, homeownership assistance, rent supplements, shelter allowances, accessibility modifications, and accommodations for victims of family violence, funding under the IAH is used by provinces and territories to:
- increase the supply of affordable housing across Canada;
- improve and preserve the quality of affordable housing;
- improve housing affordability for vulnerable Canadians; and
- foster safe, independent living