The Affordable Housing Fund provides capital to partnered organizations* for new affordable housing and the repair and renewal of existing affordable and community housing. Funds are provided as low-interest and/or forgivable loans and contributions.
* This fund is available to organizations that have partnered with another organization or level of government and have secured some funding.
IMPORTANT
Enhanced Affordable Housing Fund launches November 22, 2024
Get ready to apply! The application portal for the enhanced program opens on November 22, 2024, at 8 a.m. EST.
This sub-stream supports the construction of affordable housing supply. Eligible projects include mixed-use and mixed-income communities and those that integrate supports and services.
This sub-stream focuses on supporting the construction of shelters, transitional and supportive housing for those in greatest need.
This stream focuses on the preservation and revitalization of existing community and affordable housing.
Financing opportunities for housing providers in northern communities and/or serving Indigenous peoples.
Dedicated funding of up to 100% of eligible costs for new affordable housing for Black households.
CMHC's Frequent Builder framework is designed to accelerate the construction of affordable rental homes by expediting the application process for established housing providers working with CMHC that have a proven track record in delivering projects, making the process easier and faster.
As an approved Frequent Builder, you could gain advantages that streamline interactions and processes for selected CMHC projects, like these operational benefits:
To be eligible, CMHC will assess you on your:
For-Profit entities must have conducted a minimum of $50 million* of business with CMHC** and fulfill 3 of the following criteria based on the latest CMHC credit assessment:
*If the for-profit entity has not met the criterion of having at least $500 million, but has met the other 3 criteria, they must also have a minimum of $50 million of business with CMHC.
Provinces, territories, municipalities, Indigenous governing bodies and other levels of government require a minimum level of business of $20 million with CMHC.**
For non-profit organizations, registered charities and co-operative housing corporations, CMHC will also consider clients who meet one of these requirements: have a minimum of $50 million of business with CMHC or have a minimum of $20 million of business with CMHC** and manage a large portfolio of rental housing units.
To achieve Frequent Builder status, you are required to undergo a credit assessment and provide CMHC with annual audited financial statements. Government entities are exempt from the credit assessment.
For more information about the Frequent Builder framework, contact our Contact Centre or reach out to your CMHC specialist.
**Loans must be linked to one of the following programs:
Current program details will be available on our website until November 21, 2024. Act now to ensure you have all the necessary information.
The Affordable Housing Fund has options for new construction, the repair and/or renewal of existing buildings. Contact us to see which option is right for you.
Here are some renovation projects carried out with the support of the Affordable Housing Fund.
Old hotel reimagined as mixed-market housing with space for Calgary’s vulnerable residents.
Buhler Centre’s expansion provides more housing and supports for people experiencing homelessness.
Heritage building repurposed as supportive housing for young adults.
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