Funding Program Advanced Manufacturing Homebuilding Challenge As part of Budget 2024, the Government of Canada announced $50 million over two years starting in 2024-25 for NGen launch a $50M Homebuilding Technology and Innovation Fund. Budget 2024 directs that NGen will strive to use this funding to leverage an additional $150M from industry and other levels of government in support of a targeted $200M worth of investment in housing innovations in Canada. Background & Guidance Documents Due to the overwhelming number of proposals that NGen has received, there will not be a second round of intakes for the AMHC program. We thank all the companies that have reached out across the country for their interest in the program. - Canadian manufacturing and technology sectors have an opportunity to capitalize on the power of advanced manufacturing technology and innovation to improve the design, processes, and supply chains to manufacture Canadian homes faster, cheaper and greener. Canadian homebuilders need to triple the rate of housing construction in order to meet demand projected for 2030. They need to reduce the unit cost of building homes by 54% to keep housing prices in line with price inflation. They need to lower carbon emissions per home by more than 20% in order to contribute to overall emission reductions in Canada’s housing sector. And they need to increase labour productivity by 60% to compensate for a shrinking workforce. In this challenge, NGen is targeting a co-inve...
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