Feds Extend Subsidies to March 2028

Feds Extend Subsidies to March 2028

The federal government announced on June 25, that they have extended subsidies to March 31, 2028 as part of their plan to protect affordable housing for low-income co-op households. The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development made the announcement at the Briarview Housing Co-op in Mississauga, ON.

The extension is the second phase of the Federal Community Housing Initiative that was announced as part of the National Housing Strategy in November 2017. All co-op households that are currently receiving financial assistance will continue to receive the same level of assistance until March 2028

We would like to thank CHF Canada and all the co-op members for their hard work and persistence. Our members hold the key to our future and we have to continue make our voice heard. This is a great step in protecting affordable housing and a time to celebrate. We also have work to do as 2028 is not that far away and we need a more permanent solution.

Ayanna Inniss, NACHA Executive Director

The announcement is a great start but we need additional information on how the new agreement works. Are their any changes, what do we need to do to ensure that each co-op has been extended etc. As a result, we will continue to obtain and share the information with you.  

CHF Canada’s news release indicate that “enrollment” will begin in the fall. So please stay tuned and we will provide you with updates via the NACHA website.