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Canadian Mortgage News

January 25, 2010

CMHC Helps to Improve Housing Affordability and Choice

OTTAWA, January 25, 2010 — Canada Mortgage and Housing Corporation (CMHC) today announced 22 new grants to improve housing affordability for Canadians. The grants, totalling $99,700, are being awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.

“CMHC is pleased to support the many municipalities, home builders and non-profit housing providers working to develop local housing solutions that will benefit the economy and revitalize communities across the country,” said Douglas Stewart, Vice President, Policy and Planning of CMHC.

In operation since 1990, ACT provides grants of up to $5,000 to teams of municipalities and private or non-profit home builders who promote the improvement of planning and building regulations in their communities to make housing more affordable and responsive to local needs. ACT also offers a wealth of proven best practices and lessons learned so that communities can benefit from the innovations of others.

Please click HERE for the complete article.


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