What is the primary objective of the National Housing Act (NHA)?

The primary objective of the National Housing Act (NHA) is to assist the private market in producing affordable housing. The NHA was established to create a framework that encourages private developers and lenders to invest in housing projects, ultimately making housing more accessible and affordable for Canadians. This is achieved through various means, such as providing mortgage insurance to lenders, facilitating the flow of funds into the housing market, and supporting the construction and rehabilitation of housing units.

By focusing on collaboration with the private sector, the NHA seeks to stimulate the housing market while ensuring that affordable options are available for lower and middle-income households. This approach not only addresses the immediate need for affordable housing but also promotes sustainable development within communities.

The incorrect options reflect other responsibilities and actions that may pertain to housing but do not accurately capture the primary goal of the NHA. For instance, regulating mortgage rates is more related to the roles of financial authorities rather than the NHA's focus on facilitating affordable housing production. Similarly, while the government can engage in building public housing, this is not the NHA's primary function, which is centered on enhancing the capabilities of the private market. Managing all housing transactions is a broader function that involves various entities and legislation, rather than a specific aim of