Canada launches $1.5B Rental Protection Fund

Build Canada Homes has launched the Canada Rental Protection Fund (CRPF) with a $1.5 billion federal investment managed by the Canadian Housing Acquisition Fund (CHAF). The fund supports non-profit, co-operative, and Indigenous housing groups in acquiring and preserving affordable rental homes at risk of loss. It operates as a revolving fund, aiming to protect up to 7,000 rental homes in five years amid rising demand and declining affordability.