Government of Canada Invests $10.45M to Accelerate Residential Construction in Quebec

November 8, 2024

To better meet the evolving needs of all regions across the country, the Government of Canada yesterday launched the Regional Homebuilding Innovation Initiative (RHII). Delivered by Canada’s regional development agencies (RDAs), the RHII supports manufacturers in the residential construction sector in order to accelerate innovation in this industry and transform how homes will be built in the future.

The federal government will invest $10.45M over two years to support this priority announced by the Government of Canada in Budget 2024.

Strengthening the multi-unit residential construction sector’s capacity in Quebec

In Quebec, the RHII boosts innovation among manufacturers in the multi-unit residential construction sector. Investments under the RHII will make it possible for builders in Quebec to construct more homes more quickly.

The RHII is an important component of Canada’s Housing Plan, aimed at imagining effective long‑term solutions to resolve the housing crisis. By helping manufacturers innovate and enhance their productivity, CED and the other RDAs are contributing to the development of local, innovative solutions to housing.

Innovative manufacturing SMEs and NPOs in Quebec active in the multi-unit residential construction sector are invited to learn about the RHII eligibility criteria by visiting CED’s website.

Quick facts

CED is the key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.

On April 12, 2024, the Government of Canada announced its housing plan entitled Solving the Housing Crisis: Canada’s Housing Plan.

The Regional Homebuilding Innovation Initiative (RHII) is a component of Canada’s Housing Plan, providing support to implement new methods to build homes quickly.

Delivered by Canada’s regional development agencies, the RHII has a national budget of $50M to provide direct assistance to advance innovation among innovative organizations in the residential construction sector.

Starting this year and for the following two years, CED will provide $10.45M to boost this initiative.

Source

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