On Friday, The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced the Canada Greener Affordable Housing Program, to invest $1.2 billion to modernize multi-unit residential buildings, making them energy-efficient and affordable to operate.
Canada Greener Affordable Housing – launching in June 2023 – will make available $1.2 billion in low-interest repayable and forgivable loans over the next four years to help affordable housing providers complete deep energy retrofits on residential rental buildings. The program will offer contributions for completing the pre-retrofit activities needed to plan, prepare, and apply for the retrofit funding and will be administered by CMHC.
An investment in sustainable affordable housing is an investment in strong communities, places where people have a good place to call home, and clean air for generations to come. CGAH gives affordable housing providers the necessary support to make energy efficient upgrades that will lead to deeper reductions in energy consumption and greenhouse gas emissions.
Everyone deserves a safe, affordable place to call home.
