I think one of the greatest and most important roles for federal funding programs is to provide a very deep level of grant contributions to projects. The supply and labour shortages and inflation and rapid appreciation in the real estate markets make it harder and harder to deliver affordable housing every day that goes by. Therefore, a very deep level of grants on a per-project basis is critical for reaching the levels of affordability needed to create deeply affordable housing in Canada. In doing so, through the unilateral programs or through the bilateral agreements, there are opportunities to do just that.
On May 24th, 2022. See this statement in context.