To clarify, Build Canada Homes won't be making direct infrastructure investments. Its money will all be focused on growing the amount of affordable housing in Canada and spurring the use of modern methods of construction. It's not at the infrastructure stage. The infrastructure builds are done by HICC as a department.
As I mentioned, the Canada housing infrastructure fund is a $6-billion investment in water infrastructure. Principally, that was the asset class it invested in, with a real focus on getting housing built as a precondition to that. We now have a new fund, the build communities strong fund, that was announced in the last budget. Obviously, it will continue the investments being made in housing infrastructure.
I would say one of the advantages of having Build Canada Homes and the department in the same portfolio, to answer the previous question, is the ability to share market intelligence. I'll give you an example. One of the direct build sites is in Arbo, in Toronto. That development could not move forward for a long time—everybody knows how much housing potential there is in Toronto in Downsview—without an infrastructure investment in water and waste water. We knew we wanted to develop housing and we knew BCH was going to be a player. Through an MOU last February and a contribution agreement this summer, we came to an agreement with the City of Toronto to cost-share a major piece of infrastructure there to unlock that housing. We've done the same thing in Montreal and across the country.
It's about matching market intelligence around where communities want to build with infrastructure funding, and then having housing dollars come in behind it. That is the mixture.