Closed
Last Update: June 29, 2026
Funding available
Varies by project
Timeline
- Receipt of requests is now closed
Location
Canada
Overview
The Affordable Housing Acquisition Plan is a two-year pilot initiative launched by the City of Hamilton for non-profit, co-operative, and Indigenous housing organizations in Hamilton. It supports the acquisition of existing rental properties to maintain and preserve affordable rental housing across the city.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Complete an acquisition or business transfer
- Strengthen organizational capacity
Eligible Funding
- Varies by project
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Non-profit
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Non-profit candidates
Sector of operation
- Housing
Target groups
- All the groups
Revenue structures
- All structures
Scope
- Municipal
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Acquiring existing rental properties to be preserved and used as permanently affordable homes.
Documents Needed
- Letter of support from financial institution or accountant regarding financial viability
- Articles of Incorporation or Letters Patent
- Resume and qualification of project team
- Audited Financial statement
- Tax return and Notice of assessment
Official resources
Eligibility
Who is eligible?
- Non-Profit, Charitable, and/or Indigenous organizations, including Non-Profit housing Co-operatives, with an existing agreement with the City of Hamilton’s Housing Services Division.
- Tenant-led acquisition or co-op conversion proponents.
Eligible geographic areas
- City of Hamilton
Selection criteria
- Acquisition and Renovation Qualifications: profile of the experience and/or capacity to acquire an eligible property.
- Management Qualifications: profile of management experience in operating affordable rental housing in the long term.
- Corporate Financial Viability: organization must be financially sound and viable with experience and/or capability to retain, develop and acquire an eligible property.
- Financial Plan and Budget: financial understanding of all costs involved in buying and renovating the proposed building, how the organization can successfully secure financing, and justify the City’s financial contribution.
- Property Acquisition Plan: understanding of the steps for acquiring and renovating the type of building proposing to acquire.
How to apply
- Ensure that you have all of the required information listed below prior to starting the application.
Processing and Agreement
- Successful proponents must score a minimum of 75 points to qualify.
- All awards will be based on available funding.
Contacts
Frequently Asked Questions about the Affordable Housing Acquisition Plan Program
What is the Affordable Housing Acquisition Plan?
The Affordable Housing Acquisition Plan is a two-year pilot initiative launched by the City of Hamilton for non-profit, co-operative, and Indigenous housing organizations in Hamilton. It supports the acquisition of existing rental properties to maintain and preserve affordable rental housing across the city.
Who is eligible for the Affordable Housing Acquisition Plan program?
To be eligible for the Affordable Housing Acquisition Plan program, you must:
Non-Profit, Charitable, and/or Indigenous organizations, including Non-Profit housing Co-operatives, with an existing agreement with the City of Hamilton’s Housing Services Division, or tenant-led acquisitions or co-op conversions.
The proponent must intend to own and operate the housing units to be acquired.
The application must be for an existing rental building being sold.
What expenses are eligible under Affordable Housing Acquisition Plan?
Acquiring existing rental properties to be preserved and used as permanently affordable homes.
Who can I contact for more information about the Affordable Housing Acquisition Plan?
You can contact City of Hamilton by email at housing.secretariat@hamilton.ca or by phone at none.
Where is the Affordable Housing Acquisition Plan available?
The Affordable Housing Acquisition Plan program is available across Canada.
Is the Affordable Housing Acquisition Plan a grant, loan, or tax credit?
Affordable Housing Acquisition Plan is a Other Support
Who are the financial supporters of the Affordable Housing Acquisition Plan?
Affordable Housing Acquisition Plan is funded by City of Hamilton