Regional Housing Trust Fund (RHTF)
The Housing Trust Fund is a key implementation initiative of the Regional Housing Affordability Strategy. The Fund was established by the CRD Board in 2005, in recognition that housing affordability is a regional priority and key issue in the Capital Region.
The Fund provides capital grants for “bricks and mortar” in the acquisition, development and retention of housing that is affordable to households with low or moderate incomes in the Capital Region.
The Housing Trust Fund has significantly increased the Capital Region’s ability to raise funds for affordable housing, by raising an ongoing equity stake that can be used to leverage additional funds, primarily from senior levels of government and the private sector.
Fund Performance 2005 - 2011
$4.9 million has been granted toward capital assets valued at $67 million
| New construction | 258 units | Housing Provided For |
|---|---|---|
| Acquired / retained | 139 units |
|
| Total | 397 units |
Regional Success
“Our residents have had the opportunity to gain employment skills, volunteer in the community, develop financial literacy,…while living in a safe, affordable home.”
“The building has been positively embraced by the neighbourhood.”
“The project has been accepted and there has been incredible support for the housing from the community.”
- RHTF Survey Comments 2009