IMPORTANT January 6, 2023
Due to overwhelming demand, we’ve reached our budget limit for New Construction applications under the Contribution Only option. Applications for renovations or repairs will still be accepted.
IMPORTANT
On November 21, the 2023 Fall Economic Statement announced the renaming of the National Housing Co-Investment Fund (NHCF) to the Affordable Housing Fund with an additional funding of $1 billion over 3 years, starting in 2025-26, to build more affordable housing.
Funding is still available. The federal government intends to announce reforms to the Affordable Housing Fund in early 2024.
Contribution Only Funding through the Affordable Housing Fund supports organizations that have already partnered and secured funding but require more capital. It can be used to:
- top-up funding – when you have most of your project funding secured and require top-up funding to close a funding gap
- leverage other funding sources – get funding confirmation within 30 days of being prioritized that can then be used to secure funding from other sources
Contribution Funding provides:
- an unsecured contribution that facilitates seamless integration into project financing structures. This can make it easier for you to attract other sources of funding.
- more certainty on funding amounts,* Please refer to the Project Assessment Workbook for more details.
* The Affordable Housing Fund - Contribution funding amounts are based on lesser of per unit calculation, project needs or percentage of costs (PTs/municipalities = 30%, Non-profits/coops = 40%).
Apply for a loan | Apply for a contribution |
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