The Governments of Canada and Alberta have signed a renewed ten-year agreement for the Canada Community-Building Fund (CCBF). Under this agreement, Alberta will receive more than $1.3 billion over the first five years to provide predictable, long-term, and stable funding to communities across the province.
The renewal of this agreement means that the critical infrastructure that supports housing will continue to be built, maintained, and expanded.
CCBF has supported major infrastructure projects in Alberta including the widening and reconstruction of Township Road 232 in Rocky View County, upgrading of Lockhart Road in Lacombe County, the construction of a multi-use recreational facility for the Town of Coaldale, and the replacement of a deteriorated and unsafe bridge at Gift Lake Metis Settlement on Township Road 794A. Also, since 2015, CCBF has supported more than 1,400 road and highway infrastructure projects across the province, totalling over $749 million.
This renewed agreement, developed in collaboration with the Government of Alberta, will support growth of Albertan communities by taking a holistic approach and tying infrastructure investments - such as public transit, recreation centers, water and wastewater systems - to housing needs where appropriate.
Over the next ten years, communities across Canada will receive $26.7 billion in funding through the renewal of the CCBF agreements to support new infrastructure and priorities for housing development and affordability.
