Thank you, Mr. Chair.
Thank you for welcoming me today. I am pleased to be here to outline the plans of our government for housing, supported by the supplementary estimates (B) referred to this committee.
We know that far too many people in Canada struggle to find a home that is affordable and that meets their needs. Quite simply, it is a struggle that should not be there. Every time someone is forced to choose between paying for food and paying for shelter, or is forced to live in unlivable conditions, we all suffer. It is everyone's problem, because everyone benefits from a housing system that is fair and that leaves no one behind.
When we provide people with suitable homes, they succeed, and when they succeed, we all succeed. It is our government's view that every dollar we spend on housing is an investment. It is an investment in people and in communities, and it is an investment in our common prosperity.
That is why we've prioritized housing since the beginning of our mandate in 2015, and why we've made it a cornerstone of our most recent budget. The plans laid out in budget 2022 drive the supplementary estimates that we have provided here today. The estimates contain a number of funding re-profiles to support key planks in our housing plan.
One of the major focuses of our housing plan is to support the most vulnerable. This is why we introduced the rapid housing initiative. Because of the success of the first and second rounds, we introduced in budget 2022 the third round of the rapid housing initiative to build an additional 4,500 units, on top of creating over 10,000 units of deeply affordable housing.
The estimates also include $15 million re-profiled from future years to support the first-time homebuyer incentive, which is a really key program for first-time homebuyers to access the dream of home ownership.
Additional items include the re-profiling of $21 million for the national housing coinvestment fund. This is our flagship program that helps build deeply affordable housing across the country in partnership with municipalities and non-profits.
We are also re-profiling $38 million to support the delivery of the federal lands initiative, which enables surplus federal lands and properties to become available to non-profit organizations to build affordable housing.
These, of course, are just a few examples.
The estimates also include new funding for other budget items, including the Affordable Housing Innovation Fund and the third round of the Rapid Housing Initiative, which is very effective, as I have said before.
These requests are all about making our plan to increase the supply of housing a reality, and ensure that everyone in Canada has a safe and affordable home.
Our plan is grounded in a human rights-based approach to housing and makes it clear that we believe the federal government has a strong role to play in this sector. Indeed, it was our government that appointed the national housing council and the first-ever national housing advocate to advise the federal government as we strive to ensure that all Canadians have the right to a safe and affordable place to call home.
It prioritizes collaboration across the housing system, and the reality is that we cannot do this alone. We need collaboration from other orders of government, the private sector and the non-profit sector.
As always, I appreciate this committee's attention to issues on housing. It is truly one of the biggest challenges we must all work together to tackle.
I'm happy to come back to this committee and answer any questions committee members may have.
Thank you very much.