ARTICLE · 04 NOVEMBER 2020

R A P I D HOUSING INITIATIVE – A $1B Housing Delivery Program

Robins Appleby LLP

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Speedy, 5 letters. If that's the cross word clue, the answer is RAPID. And rapid is what you will have to be take advantage of this program. In this note, we explain why you need to be in starter blocks now.

CanadaGovernment, Public Sector

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Speedy, 5 letters. If that's the cross word clue, the answer is RAPID. And rapid is what you will have to be take advantage of this program. In this note, we explain why you need to be in starter blocks now.

THE RHI Program

Immediately before the throne speech in September, the Government of Canada announced it would be committing 1 Billion Dollars to support a "Rapid Housing Initiative" (RHI). The goal being to support the construction or acquisition of housing in 2021. The goal of the program is to create 3000 new units either through acquisition or modular construction. The program is aimed at people with severe housing needs or living in shelters because of COVID-19.

On Tuesday of this week, CMHC provided some program guidelines, summarized below:

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