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CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream
Federal funding for rapid construction of affordable housing units
Last Update: March 19, 2026
Funding available
$ 963,000,000
Timeline
- Open Date : February 3, 2026
Location
Canada
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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Reduce environmental 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
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Construction of shelters.
- Construction of transitional housing.
- Construction of supportive housing.
Eligibility
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.
Frequently Asked Questions about the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream Program
Here are answers to the most common questions about the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream?
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.
How much funding can be received?
CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream Funds up to 100% of admissible expenses, capped at $963,000,000 per project.
Who is eligible for the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream program?
To be eligible for the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream program, you must:
Non-profit, community housing, or government entity.
Construction of shelters, transitional or supportive housing.
What expenses are eligible under CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream?
Construction of shelters.
Construction of transitional housing.
Construction of supportive housing.
Who can I contact for more information about the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream?
You can contact Canada Mortgage and Housing Corporation (CMHC).
Where is the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream available?
The CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream program is available across Canada.
Is the CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream a grant, loan, or tax credit?
CMHC - Affordable Housing Fund - New Construction - Rapid Housing Sub-Stream is a Grant and Funding