The Federal Community Housing Initiative is a $500 million investment over 10 years. There are 2 phases:
- Phase 1 (FCHI-1) provides funding over a 2-year period from April 1, 2018 to March 31, 2020. It supports federally administered community housing projects as long-term agreements reach their end dates.
- Phase 2 (FCHI-2) provides new rental assistance support to federally administered community housing providers reaching the expiration of an operating agreement. The launch date of FCHI-2 has been delayed from April 1, 2020 to September 1, 2020, and current levels of financial assistance will be maintained until the end of August 2020. Amid the ongoing global COVID-19 outbreak, the delay allows adequate time for eligible housing providers who have recently opted in FCHI-2 and who have federally administered operating agreements expiring in the coming months to review and have their board of directors sign the new FCHI-2 agreements.
- You can find the latest information and resources related to our response to the COVID-19 outbreak here.