Housing Supply Challenge

Overview of the Housing Supply Challenge program:

The Level-Up Challenge addresses Canada's entrenched housing affordability crisis by encouraging the adoption of solutions that expedite housing provision. It focuses on scaling system-level innovations such as skill enhancement, automation, and streamlined supply chains to achieve quicker development, reduced costs, and lasting improvements in housing delivery processes. The challenge offers two distinct streams: Community Housing Innovators: This stream is open to non-profits, governments, Indigenous organisations, post-secondary institutions, and others. It seeks solutions that can accelerate community housing projects, making them more accessible and cost-effective, and assisting providers in increasing the amount of housing they can build or acquire. All Housing Innovators: This stream welcomes for-profits, non-profits, governments, Indigenous organisations, post-secondary institutions, and more. It targets solutions aimed at reducing development timelines for any type of new home and enhancing Canada's capacity to build more housing on a sustained basis. Applicants will be evaluated based on their solution's potential to increase housing supply, speed up development timelines, introduce innovative approaches, achieve adoption among housing providers, realise economies of scale, and mobilise sector partnerships. The challenge comprises three stages: Stage 1 – Elevating Foundational Solutions: Applicants must demonstrate that their solutions can lead to more housing, faster. Up to 20 foundational solutions will each receive a $1,000,000 prize. Stage 2 – Achieving Next Level Impact and Adoption: Innovators need to show buy-in and adoption from housing providers and present a strategy to scale. Up to 10 solutions will each receive a $3,000,000 prize. Stage 3 – Changing the System: Innovators must prove that their solution is a game-changer for the housing system, demonstrating reliability and cost-effectiveness in generating significantly more housing, faster. Up to 3 solutions will each receive a $5,000,000 prize.

Benefits of the Housing Supply Challenge program:

• Funding to creative innovative solutions that limit barriers towards the creation of new housing

Eligibility criteria of the Housing Supply Challenge program:

• Eligibility criteria for the Level-Up Challenge vary by stream:
• Community Housing Innovators (CHIs): Open to non-profits, governments, Indigenous organisations, post-secondary institutions, and similar entities.
• All Housing Innovators (AHIs): Open to for-profits, non-profits, governments, Indigenous organisations, post-secondary institutions, and more.
• Applicants must be legal entities duly incorporated and validly existing in Canada prior to receiving funding. Solutions proposed should align with the challenge's objectives of accelerating housing delivery and increasing housing supply through innovative, scalable approaches.