Liberal Government Launches $1.5B Program to Build More Co-op Housing

Published on June 6, 2024

Housing Minister Sean Fraser has announced the launch of a $1.5-billion co-operative housing development program that the federal government promised in its 2022 budget. Mr. Fraser was in Winnipeg on June 6 to announce the program, which is expected to build thousands of new homes by 2028. The federal government said the program was co-designed with the Co-operative Housing Federation of Canada—which represents more than 900 co-ops across the country—as well as other leaders in the sector. Co-op housing is managed by residents with no outside landlord and typically operates on a break-even basis. The program is one element of a plan released this spring outlining the federal government’s plans to tackle housing affordability....

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