BILATERAL AGREEMENT UNDER THE 2017 NATIONAL HOUSING STRATEGYBilateral Agreement • November 26th, 2020
Contract Type FiledNovember 26th, 2020INITIATIVE OBJECTIVE 3 Canada – Ontario Housing Benefit CMHC and MHO have agreed, in accordance with the FPT Housing Partnership Framework and NHS Principles, to co-develop and cost-share the Canada- Ontario 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 Ontario, 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. MHO is responsible for delivering the HB and shall be implemented starting April 1, 2020. Proponent Type:The HB shall be paid directly to, or on behalf of, households in Housing Need as set out in the Action Plan.