BILATERAL AGREEMENT UNDER THE 2017 NATIONAL HOUSING STRATEGYBilateral Agreement • April 11th, 2021
Contract Type FiledApril 11th, 2021INITIATIVE OBJECTIVE 3 Canada – British Columbia Housing Benefit CMHC and BCHMC have agreed, in accordance with the FPT Housing Partnership Framework and NHS Principles, to co-develop and cost-share the Canada – British Columbia Housing Benefit (“HB”) based on the federal HB themes and local housing affordability challenges as described in the Action Plan. Recognizing the regional needs and priorities within BCHMC, 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. BCHMC 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 in accordance with the mutually agreed-to Action Plan.