An Act respecting payments by Canada and requirements in respect of housing and to amend certain other Acts = Loi concernant les paiements versés par le Canada et les exigences en matière de logement et...: XB441-356/1-PDF
"This enactment enacts the Building Homes Not Bureaucracy Act in order to (a) establish a target for the completion of new homes in high-cost cities that increases 15% every year and ties federal infrastructure funding allocated to high-cost cities to that target; (b) provide for the reallocation of $100 million from theHousing Accelerator Fund to municipalities that greatly exceed housing targets; (c) require that federal transit funding provided to certain cities be held in trust until high-density residential housing is substantially occupied on available land around federally funded transit projects' stations; and (d) make it a condition for certain cities to receive federal infrastructure and transit funding that they not unduly restrict or delay the approval of building permits for housing. It also amends the Canada Mortgage and Housing Corporation Act, the National Housing Act and the Excise Tax Act in order to (a) eliminate executive bonuses unless housing targets are met and to reduce executive compensation if applications for funding for new housing construction are not treated within an average of 60 days; and (b) provide a 100% GST rebate on new residential rental property for which the average rent payable is below market rate. In addition, this enactment requires the Minister of Public Works to table a report on the inventory of federal buildings and land, to identify land suitable for housing construction and to propose a plan to sell at least 15% of any federal buildings and all land that would be appropriate for housing construction, subject to certain exceptions. Finally, it requires the Minister of Public Works to place these properties on the market within 12 months of tabling the report"--Summary, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927658&sl=0
| Department/Agency | Canada. Parliament. House of Commons, issuing body. |
|---|---|
| Title | An Act respecting payments by Canada and requirements in respect of housing and to amend certain other Acts = Loi concernant les paiements versés par le Canada et les exigences en matière de logement et modifiant certaines lois. |
| Variant title | Loi concernant les paiements versés par le Canada et les exigences en matière de logement et modifiant certaines lois Short title: Building Homes Not Bureaucracy Act |
| Series title | Bill C-... ; Bill C-356, 1st Session, 44th Parliament |
| Publication type | Series - View Master Record |
| Language | Bilingual-[English | French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "First Session, Forty-fourth Parliament, 70-71 Elizabeth II - 1 Charles III, 2021-2022-2023." "First reading, September 20, 2023." "Mr. Poilievre." Text in English and French. |
| Publishing information | [Ottawa] : House of Commons of Canada = Chambre des communes du Canada, 2023. |
| Description | 1 online resource (ii, 22 pages). |
| Catalogue number |
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| Subject terms | Canada Mortgage and Housing Corporation -- Officials and employees -- Salaries, etc. -- Law and legislation. Housing -- Law and legislation -- Canada. Housing -- Finance -- Law and legislation -- Canada. Rental housing -- Taxation -- Law and legislation -- Canada. Tax rebates -- Law and legislation -- Canada. Public buildings -- Law and legislation -- Canada. Public lands -- Canada. |
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