On July 4, 2011, the federal, provincial and territorial governments committed to a combined $1.4 billion investment toward reducing the number of Canadians in housing need under a new Investment in Affordable Housing Framework 2011 – 2014.
The federal contribution to this commitment is more than $716 million over the three year period and relates to the final three years of the federal government’s five year commitment in 2008 of $1.9 billion for housing and homelessness.
The framework for the Investment in Affordable Housing outlines the key principles and approach that is being implemented through IAH bilateral agreements between CMHC and most provinces and territories. Yukon decided to continue the existing delivery arrangements with CMHC for the Affordable Housing Initiative (AHI) and renovation programs