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Last week, the Canadian federal government announced the $1.5 billion Co-operative Development Program. This is the first major federal investment in co-op housing in over 30 years.

Our CEO, Thom Armstrong, discussed the significance of this historic funding in recent media appearances, highlighting its impact on co-op housing in B.C.

This Co-operative Housing Development Program is the first significant federal investment in co-op housing in over 30 years. CHF BC is delighted to see the program—promised in the 2022 federal budget—finally come to fruition.

It includes $500 million in contributions and $1 billion in loans to build housing co-ops across Canada. We are particularly excited that Indigenous-led housing co-ops will be eligible for program funding.

Speak up for more co-op housing!

Use CHF Canada’s helpful tool to send an email to the Minister of Housing and you local MP urging them to launch the co-operative housing development program without delay.

At our 2023 AGM on November 19, delegates passed an emergency resolution.

The resolution urges the THAT CHFBC urge the federal government and the Minister of Housing, Infrastructure and Communities to launch the Co-op Housing Development Program without further delay.

Our partners at CHF Canada have been hard at work advocating for investments to grow and support housing co-ops. Last week, they released recommendations for the upcoming 2023 Federal Budget.