NGen is launching our Advanced Manufacturing Homebuilding Challenge to demonstrate and accelerate the application of advanced digital technologies, automated production systems, and sustainable materials in offsite industrial homebuilding. Our goal is to transform more Canadian homebuilding into scalable and flexible advanced manufacturing processes capable of meeting future housing needs, reducing production costs, and lowering greenhouse gas emissions.
This Challenge is made possible through the financial support of the Government of Canada which, in its 2024 budget, provided $50 million over two years for a new Homebuilding Technology and Innovation Fund to be launched by NGen. We are aiming to match that amount with $150 million in additional contributions from industry and other public and private-sector investors to support a targeted $200 million investment in housing innovation in Canada.