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Feds to spend $1B on new Rapid Housing Initiative

September 29, 2020

A Sept. 21 release stated that the Rapid Housing Initiative (RHI) will also help support Canada’s economic recovery by creating employment in the construction sectors.  

Delivered by Canada Mortgage and Housing Corporation, the program will cover the construction of modular housing as well as the acquisition of land and the conversion of existing buildings to affordable housing. The RHI will be administered as part of the National Housing Strategy (NHS) and is expected to create up to 3,000 new affordable housing units across the country. 

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