Bill C-20 — Law to Create More Canadian Homes

This proposed law, called the Build Canada Homes Act, aims to create a new organization called "Build Canada Homes." This organization would work to increase the number of affordable homes available across the country. It would also encourage the use of new and efficient building methods. The proposed law would allow Build Canada Homes to provide money to people or groups, including governments, to help them build affordable housing. It could also invest in companies that are working on affordable housing or developing new building techniques. Build Canada Homes could even build homes themselves. The organization would have a board of directors and a Chief Executive Officer to manage its operations. The government could give Build Canada Homes up to $11.5 billion to fund its work. This matters because it could make housing more affordable for Canadians. By increasing the supply of affordable homes and promoting innovative building techniques, the proposed law could help address the housing crisis in many parts of the country. It could affect anyone who is struggling to find affordable housing, as well as the construction industry and governments at all levels.