BILATERAL AGREEMENT UNDER THE 2017 NATIONAL HOUSING STRATEGYBilateral Agreement • December 7th, 2021
Contract Type FiledDecember 7th, 2021INITIATIVE OBJECTIVE 3 Canada New Brunswick Housing Benefit CMHC and NBHC have agreed, in accordance with the FPT Housing Partnership Framework and NHS Principles, to co-develop and cost-share the Canada- New Brunswick Housing Benefit (“HB”) based on the federal HB themes set out in this Schedule B.1 and local housing affordability challenges as described in the Action Plan. Recognizing the regional needs and priorities within New Brunswick, the HB will provide direct affordability support to households in Housing Need in order to eliminate or significantly reduce Housing Need in accordance with the agreed-to Targets and Outcomes. NBHC is responsible for delivering the HB and shall be implemented on or about April 1, 2021. Proponent Type:The HB shall be paid directly to, or on behalf of, households in Housing Need and as mutually agreedto in accordance with the Action Plan.