Federal government selects non-profit to manage $1.5B rental protection fund

Federal government selects non-profit to manage $1.5B rental protection fund

The federal government has announced that the Canadian Housing Acquisition Fund (CHAF), a non-profit organization in the non-market housing sector, will manage a $1.5 billion fund to maintain affordable rental properties across Canada.

Federal government launches $1.5-billion program to preserve affordable rental housing

The fund is meant to help non-profits to buy affordable homes to keep them from being lost to redevelopment or conversions on the private market.

Ottawa chooses Canadian Housing Acquisition Fund to manage $1.5 billion affordable housing money

The massive new fund will help Indigenous, cooperative and non-profit housing providers easier access to capital to help buy and develop homes for lower-income Canadians.