Canada, FCM Invest $85.5M in Sustainable Affordable Housing

Significant investments are being made to advance affordable and sustainable housing in North America. The City of St. Louis announced the availability of over $5.5 million from its Affordable Housing Trust Fund to support projects targeting households with incomes at or below 80% of the area median income, with priority given to those assisting extremely low-income populations and promoting housing near public transit. In Canada, the federal government and the Federation of Canadian Municipalities committed $85.5 million through the Green Municipal Fund to fund capital projects and studies aimed at retrofitting and building energy-efficient, climate-resilient affordable housing, exemplified by a pioneering retrofit project in Edmonton reducing energy use by up to 94%. Similarly, Birmingham's Mayor Richard Parker secured funding to transform a derelict industrial site into 46 new social and affordable homes as part of a broader Growth Plan to increase social housing supply and stimulate economic growth. These initiatives collectively aim to tackle housing affordability, prevent homelessness, promote climate resilience, and support economic and community development.