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CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream
Last Update: March 19, 2026
Canada
Federal funding for rapid construction of affordable housing units
Grant and Funding
Overview
The Rapid Housing Sub-Stream provides $963 million over 5 years to build 2,400 new units for those in greatest need. Funding supports the construction of shelters, transitional housing, and supportive housing projects through contributions, low-interest repayable loans, and/or forgivable loans covering up to 100% of eligible project costs.
At a glance
Funding available
Financing goals
- Increasing community impact
- Reduce the ecological footprint
Eligible Funding
- Maximum amount : 963,000,000 $
- Up to 100% of project cost
Timeline
- Open Date : February 3, 2026
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
- 100% donations / grants
Scope
- Local
Activities funded
- Construction of shelters.
- Construction of transitional housing.
- Construction of supportive housing.
Examples of admissible projects:
$ 8,000,000
Construction of transitional housing units to assist vulnerable populations
$ 6,000,000
Development of supportive housing for individuals with mental health needs
Eligibility
- Applicant must be from the non-profit housing sector, community housing sector, rental co-operative, or a provincial, territorial, Indigenous or municipal government including their agencies.
- Project must involve construction of shelters, transitional housing or supportive housing.
- Project must address housing needs for those in greatest need.
Who is eligible?
- Non-profit housing sector organizations.
- Community housing sector organizations.
- Rental co-operatives.
- Provincial and territorial governments and their agencies.
- Indigenous governments and their agencies.
- Municipal governments and their agencies.
Eligible expenses
- Construction and development costs of the housing project.
- Eligible costs may be covered up to 100% depending on project needs and outcomes achieved.
Ineligible Costs and Activities
- Ongoing operations and maintenance costs of units and/or projects.
Eligible geographic areas
- Canada (national program).
Processing and Agreement
- Complete applications reviewed for eligibility and program objectives.
- Decision (decline or conditional approval) provided within 30 days.
- Funding agreement required before disbursement for approved projects.
- Terms and conditions apply to all funding received.
Additional information
- Complete applications receive a decision within 30 days.
- Program is ongoing with no fixed deadline.
- Funding does not cover ongoing operations or maintenance costs.
