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Source verified April 29, 2026
Affordable Housing Development Project Stream
Support for affordable housing acquisition
Latest source updateLast Update: June 27, 2026Latest change: The Affordable Housing Development Project Stream page now shows substantially updated project criteria, funding details, and separate application links for development and acquisition projects.View change
Latest source update
Last Update: June 27, 2026
Latest change: The Affordable Housing Development Project Stream page now shows substantially updated project criteria, funding details, and separate application links for development and acquisition projects.
Affordable Housing Project Stream Updated
The Affordable Housing Development Project Stream page now shows updated project criteria and evaluation criteria for acquisition and provincial housing applications. It also adds new funding details, including $5,000,000 in capital funding, a forgivable loan, a property tax rebate, and fee/permit waivers. The scope now points to non-profit, charitable, and Indigenous acquisition and rental housing projects, and the page shows separate submission links for development and acquisition applications. No clear deadline change is visible.
Funding available
$ 5,000,000
Deadline
Open continuously
Location
Hamilton, Ontario, Canada
Overview
The City of Hamilton’s Affordable Housing Acquisition Plan is a two-year pilot initiative that supports non-profit, co-operative, charitable, and Indigenous housing providers. It helps maintain and preserve affordable rental housing across the city through acquisition and long-term operation.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
- Renovate or adapt facilities
Eligible Funding
- Maximum amount : 5,000,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Hamilton
- Ontario
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Women
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 from the proponent’s financial institution or accountant
- Articles of Incorporation or Letters Patent
- Resume and qualifications of the project team
- Audited financial statements
- Tax return and Notice of Assessment
Official resources
Eligibility
Who is eligible?
- Non-profit and co-operative housing providers
- 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 expenses
- Project development costs linked to construction readiness.
- Property acquisition costs for eligible rental housing.
- Fees and permits associated with property acquisition may be waived under the acquisition plan.
Eligible geographic areas
- City of Hamilton
Selection criteria
- Acquisition and Renovation Qualifications
- Management Qualifications
- Corporate Financial Viability
- Financial Plan and Budget
- Property Acquisition Plan
How to apply
- Step 1: Choose the stream
- Review the Development Program or Acquisition Program.
- Select the stream that matches your project.
- Step 2: Prepare the application
- Complete the required application for the selected stream.
- Prepare project details and supporting information requested by the City.
- Step 3: Submit the application
- Use the City of Hamilton’s application page to submit the Development Program Application or Acquisition Program Application.
Processing and Agreement
- Successful proponents must score a minimum of 75 points to qualify.
- All awards will be based on available funding.
- The evaluation includes Acquisition and Renovation Qualifications, Management Qualifications, Corporate Financial Viability, Financial Plan and Budget, Property Acquisition Plan, Tenant and Community Impact Plan, and Indigenous Organization.
Additional information
- The program is organized by the City of Hamilton.
- It supports projects that are shovel-ready and can advance to construction.
- Applications are available for Development and Acquisition streams.
Frequently Asked Questions about the Affordable Housing Development Project Stream Program
What is the Affordable Housing Development Project Stream?
The City of Hamilton’s Affordable Housing Acquisition Plan is a two-year pilot initiative that supports non-profit, co-operative, charitable, and Indigenous housing providers. It helps maintain and preserve affordable rental housing across the city through acquisition and long-term operation.
How much funding can be received?
Affordable Housing Development Project Stream Funds up to $5,000,000 of admissible expenses.
Who is eligible for the Affordable Housing Development Project Stream program?
To be eligible for the Affordable Housing Development Project Stream program, you must:
Non-Profit, Charitable, and/or Indigenous organization status with an existing agreement with the City of Hamilton’s Housing Services Division, or a tenant-led acquisition or co-op conversion
Existing rental building being sold
Rents below 125% average market rents for a minimum of 99 years
What expenses are eligible under Affordable Housing Development Project Stream?
Acquiring existing rental properties to be preserved and used as permanently affordable homes.
Where is the Affordable Housing Development Project Stream available?
The Affordable Housing Development Project Stream program is available the province of Ontario.
Is the Affordable Housing Development Project Stream a grant, loan, or tax credit?
Affordable Housing Development Project Stream is a Partnering and Collaboration
Who are the financial supporters of the Affordable Housing Development Project Stream?
Affordable Housing Development Project Stream is funded by Innovation Canada, City of Hamilton