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Canada Mortgage and Housing Corporation is the federal CROWN CORPORATION responsible for administering Canada's National Housing Act. CMHC was created in 1946 as the successor to the Wartime Housing Corporation, and until 1979 was called Central Mortgage and Housing.
Continuing housing co-operatives emerged during the 1960s as an innovative way to meeting housing needs and foster community development. Many Canadians, especially families with children, could no longer afford home ownership and faced difficulty finding good-quality rental housing.