Make sure the Infrastructure Bank supports the construction of new, affordable rental housing.

What success looks like

Where relevant, the Canada Infrastructure Bank undertakes complementary projects that support the goals of the National Housing Strategy.

Government's narrative on progress

The Canada Infrastructure Bank was legally established in June 2017 as an arm’s length Crown corporation focused on making and attracting investments in revenue-generating infrastructure projects in the public interest. The Bank is responsible for investments of at least $35 billion over 11 years, focused on public transit, green infrastructure, and trade and transportation projects.  In parallel, the government launched the National Housing Strategy which includes a new National Housing Co-investment Fund which will support initiatives designed to build, renew and repair Canada’s stock of affordable housing and ensure Canadians have greater access to affordable housing that meets their needs. The Bank may undertake projects in the future related to housing, and if so these will complement the National Housing Strategy. But, to avoid duplication, the construction of affordable rental housing is not likely to be part of the Bank's primary mandate.

Note: this is the government's own description, not an independent assessment.