It is a progressive housing agreement that commits the governments of Canada and British Columbia to adopt new and higher standards for transparency, public engagement and housing quality, including improved energy efficiency and accessibility. The agreement also recognizes the importance of prioritizing the poorest people, integrating a human rights approach to housing and applying a gender target to all investments. The approach also includes direct support to tenants and housing providers to reduce the pressure on accessibility. This is based on support for old-world construction contracts signed with housing providers, particularly between the 1950s and the early 1990s, and includes new financing. Under the Federal and Canadian Housing Initiatives, community housing initiatives are available to providers whose old contracts expire to ensure they have the help they need to continue to provide public housing to Canadians. The province of B.C. and the Canadian government each contributed US$88.7 million over four years from April 1, 2002 to March 31, 2006. With funding from this agreement, approximately 3,900 units have been created by the Provincial Housing Program, the BC Independent Living Program and the Community Partnership Initiatives Program. These agreements are consistent with the new vision of housing under the National Housing Strategy, and are more flexible and consistent with the expected results. You can see all provincial and territorial bilateral agreements on the CMHC/National Housing Strategy website. The BC government`s $990 million bilateral agreement reflected the priorities of its 30-point plan for affordable housing, including stabilizing the market through the taxation of speculators, cracking down on tax evasion and closing loopholes, partnering with indigenous groups to build supportive housing and strengthening tenant protection. Saskatchewan`s agreement includes the maintenance of urban social housing by the Municipal Housing Initiative, sets the basic figures for existing social housing, and sets out a framework for its three-year action plan (which will begin as Nova Scotia in 2019).
«This agreement will help more Colombians find a home they can afford. The new federal investments will build on the $7 billion invested by the province under our 30-point housing plan. I look forward to continuing to work closely with Minister Duclos to build the housing that the people of our province need. – Selina Robinson, Minister of Municipal Affairs and Housing The multilateral framework defines a common vision for housing and lays the groundwork for bilateral agreements on the implementation of important initiatives in the national housing strategy. In July 2011, the Government of Canada and the province of B.C. announced a $180 million agreement to invest in affordable housing to meet a range of housing needs for low-income people, families and seniors. Each government contributed US$90 million over a three-year period (April 1, 2011 to March 31, 2014). Support programmes for the initial phase of the agreement as follows: waiver of paragraph 4.2 of the initial agreement on investments in affordable housing of 15 June 2018. In April 2007, a Schedule E Amendment was signed between Canada Mortgage and Housing Corporation and BC Housing, which was to amend the social housing agreement.