I know that the fact that the government needs to tackle not only the cost of housing but the issue of supply has been a really important question for Canadians across the nation, and we know that Canadians are struggling. That's why our government is delivering a bold federal leadership to rapidly increase housing supply, support Canadians struggling with the cost of housing, and of course protect the dream of home ownership. We've been hearing that a lot.
In the main estimates, we have an additional $1.6 billion for the Canada Mortgage and Housing Corporation; this is to create new affordable housing units. You know that the rapid housing initiative is a very important initiative across the country. There's also the affordable housing innovation fund that develops and scales up rent-to-own projects.
Also, we help affordable housing providers to complete deep energy retrofits on existing multi-unit residential buildings. Those programs are the Canada greener affordable housing stream of the Canada greener homes loan program. Also, we have the national housing strategy, which is our 10-year plan to help Canadians access housing that meets their needs and that they can also afford.
I will also mention—because we're doing both today—that in supplementary estimates (A), we provide a further billion dollars for the housing accelerator fund, which works with local governments to remove barriers and also incentivize housing supply growth with the goal of creating at least 100,000 net new homes across Canada. All this works, of course, in tandem with other measures, such as the new registered account to give prospective first-time homebuyers the ability to save $40,000.
I will stop there, because I've been told that my time is up, Parm.