New CCBF Agreement Signed
HALIFAX - The Canada Community-Building Fund (CCBF) agreement between the federal and provincial governments was successfully renegotiated in 2024. NSFM has been entrusted again to offer communications support to CCBF-supported projects across the province.
NSFM was asked to provide valuable input and feedback to the province during the negotiation process, and this was well received.
Nationally, the federal government has committed $26.7 billion to the CCBF over the next decade, with a strong emphasis on facilitating the conditions for the construction of new homes.
The CCBF provides up-front, predictable, and long-term funding to support local infrastructure priorities. Over the next five years, the CCBF will invest over $318.8 million in Nova Scotia, beginning with $60.7 million in 2024-2025. The renewed agreement extends to 2034.
This critical funding stream lets municipalities advance key infrastructure initiatives, including projects that can help increase housing supply and affordability such as roads, water, and wastewater systems. Other projects supporting strong communities, economic growth and a cleaner environment may include tourism, sport or culture infrastructure, fire stations, brownfield redevelopment, energy systems or capacity building.
In some cases, municipalities will be required to report on how specific infrastructure projects contribute to housing development. While this component focuses on urban areas, all municipalities recognize the significant role infrastructure plays in fostering housing growth and creating vibrant, livable communities.
