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Former Carney adviser, CMHC head named inaugural chair of Build Canada Homes
The former CMHC chief will steer the new housing agency until at least eight directors are named, as it advances non-market housing projects.
- On Monday, Ottawa appointed Evan Siddall, former Canada Mortgage and Housing Corporation CEO, as inaugural chair of Build Canada Homes. The agency recently transitioned to a Crown corporation, requiring independent board governance.
- As a former special adviser to Prime Minister Mark Carney at the Bank, Siddall will temporarily exercise board powers unilaterally. This arrangement continues until the government appoints at least eight directors.
- During his 2014–2021 tenure leading CMHC, Siddall helped develop more than 30 housing programs, including the National Housing Co-Investment Fund. His background includes leading the Alberta Investment Management Corporation and senior roles at BMO Capital Markets and Goldman Sachs.
- Committed to nearly 17,000 units through 17 partnerships, Build Canada Homes is advancing its mandate with more than 1,900 homes under construction. CEO Ana Bail stated Siddall's appointment provides the necessary governance foundations.
- Focused on non-market housing, the agency supports projects through loans and contributions while encouraging innovative construction methods. Siddall's extensive policy experience will guide Build Canada Homes as it scales operations and deploys capital.
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The Toronto Star+34 Reposted by 34 other sources
Former Carney adviser, CMHC head named inaugural chair of Build Canada Homes
OTTAWA - Ottawa is appointing a former investment banker and public servant with links to Prime Minister Mark Carney to steer the board of directors at its affordable housing agency.
·Toronto, Canada
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Ottawa appoints a former business banker and public servant, close to Prime Minister Mark Carney, to head the board of directors of his affordable housing organization.
·Montreal, Canada
Read Full ArticleCanada Mortgage and Housing Corporation - Canada announces Greater Sudbury as new Local Partner committed to using the Housing Design Catalogue
Far too many Canadians are struggling to find homes they can afford. Solving Canada's housing crisis requires immediate action to bring down costs, cut red tape, and build homes more quickly. The . . .
Coverage Details
Total News Sources40
Leaning Left24Leaning Right1Center11Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 30%
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