29 Applicants Receive Funding to Develop Their Ideas
OTTAWA, ON, Dec. 13, 2021
Housing Supply Challenge – Getting Started
OTTAWA, ON, Dec. 13, 2021 /CNW/ – Every Canadian deserves a safe and affordable place to call home, and in order to do that, we need innovative ideas. That is why the Government of Canada has created the 5-year, $300 million Housing Supply Challenge to further support housing supply solutions.
Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced the 29 shortlisted applicants for Stage 2 of the second round, “Getting Started”, of the Housing Supply Challenge (see attached backgrounder). Applicants will receive $75,000 each to develop their solution.
The 29 shortlisted candidates will refine and develop a plan to implement their solution, using the incubation funding, by April 2022. The final results will be announced by July 2022. Those who will pass the final evaluation stage will share a pool of up to $38 million to implement their solutions.
The second round of the Housing Supply Challenge, Getting Started: Pre-development Processes, sought solutions to improve the pre-development process for housing that is affordable. Pre-development activities include everything that brings a housing project from idea to the start of construction.
The third round of the Housing Supply Challenge, Northern Access Round: Supply Chain Solutions for Northern and Remote Housing, invites residents and professionals to…