Manitoba Housing and Renewal Corporation

The Manitoba Housing and Renewal Corporation (MHRC) is a Crown corporation governed by a board of directors with policy direction provided by government. The MHRC board of directors is appointed through Order in Council.

The MHRC operates as the delivery arm for federal/provincial cost-shared social housing programs and other capital programming provided by the province. The MHRC is an approved lender under The National Housing Act, issues mortgages and loans and holds assets.

The MHRC owns assets but is financially dependent upon the Government of Manitoba, receiving an annual transfer payment for the difference between MHRC's revenues and its expenses less federal recoveries. Under The Loan Act, The MHRC is directly voted monies for the purposes of its capital activities.

The MHRC receives substantial support from the federal government through the Canada Mortgage and Housing Corporation (CMHC). The MHRC's other primary source of revenue is in the form of rents from tenants in its housing.

The MHRC provides subsidies for about 36,300 housing units developed under various federal/provincial housing programs. Approximately 13,000 units are direct-managed through the Manitoba Housing (MH), an agency established in 1992.