Projects must have support from another level of government (such as municipalities, provinces and/or territories or Indigenous governments) to ensure coordination of investments. Support can be in the form of investment of resources but could also be in the form of a letter stating endorsement for the project.
IMPORTANT
By the end of 2024, the Affordable Housing Fund will begin referencing the 2020 building model codes and the CSA B651:23 and B652:23.
Organizational requirements
The Affordable Housing Fund – Renovation, Repair and Renewal Stream is open to:
-
community housing providers (for example, public or private non-profit housing organizations or rental co-operatives)
- municipalities
- provinces and territories
- Indigenous governments and organizations
- private sector
Project requirements
We consider the following projects for funding:
- community and affordable housing
- urban Indigenous community housing
- mixed use market / affordable rental
- shelters
- transitional and supportive housing
All projects must:
Prioritization of applications
In addition to meeting mandatory minimum requirements, projects are prioritized based on achievements of accessibility and energy efficiency. The Fund also prioritizes projects with higher scores in achieving social outcomes within the following priority areas:
- shovel readiness (how quickly will construction begin?)
- provincial and territorial input (are all funding sources confirmed and have other funding sources been determined?)
- greater affordability
- greater energy efficiency
- greater accessibility
- proximity to transit, childcare centres and community centres
- stronger financial partnerships with other funders
- integrated support and services for tenants on site
- supporting priority groups
Considerations for Indigenous and Northern Housing Solutions clients
In addition to a Ministerial Loan Guarantee (MLG), CMHC is now accepting
4 additional alternative types of security for projects on First Nation lands.
Considerations for municipalities
In instances where municipalities are unable to provide the required forms of mortgage security, debentures may be considered as an alternative, on a case-by-case basis.