I'm delighted to speak about this. I would like to indicate that not only are the resources, of course, important, but more important, I think, are two additional things.
First is the renewed leadership, and I would say this is in fact the most effective demonstration of federal housing leadership in four decades. This is going to be significantly impacting the welfare and the well-being of our families, businesses, and communities. In addition to that, there are the incredible opportunities this will generate for other partners to collaborate with the federal government. Of course, included in here are provinces and territories, but also municipalities and cities, which have been so voiceful and so effective in the last year in signalling how important investments in housing on the part of the federal government are to them, to their communities, to their businesses, and to their families. In addition to cities and municipalities, there are the social and the private sectors, the importance of which we often underestimate when it comes to housing investments. This is going to lead over time—because it's going to take some time—to renewed collaboration and renewed leadership in the field of housing.
Let me mention very briefly some of the lines along which those investments will manifest themselves.
There will be renewed partnership between the federal government and provinces and territories in the long term, which PTs have asked for. A new $5-billion national housing fund will help address critical housing issues in collaboration with other departments in this government in order to support, for instance, seniors, handicapped families, or Canadians living in circumstances of family violence. It will also be used to support the other types of infrastructure investments that we're making in transit, in green infrastructure, in transport corridors, in targeted housing support for indigenous people, and people living in the north. There will be renewed and expanded investments to combat and prevent homelessness—and here the word “partnership” is again extremely important—using surplus federal land and buildings for the development of affordable housing.
Finally, there will be important investments in CMHC's role to become and to stay a leader in the field of housing over time in Canada. We know how important it is to have proper data and proper understanding of how housing matters for families and communities. We know this in the context of current significant pressures in some of our regions in Canada. We want CMHC to play a better role when it comes to informing and supporting the development of our communities.