Government of Canada and Federation of Canadian Municipalities Invest $85.5 Million in Sustainable Housing Projects

Strategic Insights -

As Canada celebrates Green Buildings Week, the Government of Canada and the Federation of Canadian Municipalities (FCM) are championing the cause with a significant investment in sustainable housing projects. The Federal Government, through the Green Municipal Fund's (GMF) Sustainable Affordable Housing (SAH) initiative, has allocated $85.5 million to support energy-efficient and affordable housing across the country.

Key Takeaways:

  • The Government of Canada and FCM have committed $85.5 million to support sustainable housing projects, with $67.9 million allocated for capital projects and pilots, and $17.6 million for planning and feasibility studies.
  • The Sustainable Affordable Housing initiative was launched in 2020 as a six-year, $300-million program to support not-for-profits, co-ops, and municipalities to retrofit existing housing and construct new, energy-efficient homes.
  • To date, 4,100 homes have been built or retrofitted across the country through the program, addressing urgent housing shortages, building economic resilience, and enhancing the quality of life for families, seniors, and individuals in need.
  • The projects are expected to reduce greenhouse gas emissions, improve health and comfort, increase skilled job opportunities, and drive new investment.
  • Notable projects include the Sundance Housing Co-operative Deep Energy Retrofit in Edmonton, Alberta, and the Aspen Heights Affordable Energy-Efficient Townhouse Development in Saskatoon.

Statistics:

  • $85.5 million: Total investment in sustainable housing projects
  • $67.9 million: Allocation for capital projects and pilots
  • $17.6 million: Allocation for planning and feasibility studies
  • $300 million: Total budget for the Sustainable Affordable Housing initiative
  • 4,100: Number of homes built or retrofitted through the program to date
  • 56 units: Tonnage of the Aspen Heights Affordable Energy-Efficient Townhouse Development in Saskatoon
  • 94%: Reduction in energy consumption achieved by the Sundance Housing Co-operative Deep Energy Retrofit

Sources:

  • Federation of Canadian Municipalities (FCM), News Release, Government of Canada and FCM Champion Green Buildings Week with $85.5 Million Investments in Sustainable Housing Projects
  • Green Municipal Fund (GMF), Sustainable Affordable Housing (SAH) Initiative