Program authorizing the financing of the operating deficit of certain low-income housing projects

Q: What is the deadline to apply?

The application deadline for this grant program is December 31, 2026. Applicants must submit their complete application before this date to be considered for funding.

Q: Who is eligible for the Program authorizing the financing of the operating deficit of certain low-income housing projects program?

To be eligible for the Program authorizing the financing of the operating deficit of certain low-income housing projects program, you must: • The applicant must be a housing cooperative, a non-profit organization, or a housing office managing eligible low-income housing projects.

Q: Who can I contact for more information about the Program authorizing the financing of the operating deficit of certain low-income housing projects?

You can contact Quebec Housing Society (SHQ).

Q: Where is the Program authorizing the financing of the operating deficit of certain low-income housing projects available?

The Program authorizing the financing of the operating deficit of certain low-income housing projects program is available the province of Quebec.

Last Update: July 22, 2025

QC, Canada

Funds operating deficits for low-income housing organizations in Quebec

At a glance

Eligible Funding

Up to 100% of project cost

Timeline

Open Date : December 20, 2023
Closing date : December 31, 2026

Financing Type

Grant and Funding

Eligible Industries

Real estate and rental and leasing
Other services (except public administration)
Public administration

Funds Providers

Quebec Housing Society

Program status

Open

Overview

The Program Authorizing the Financing of the Operating Deficit of Certain Low-Income Housing Projects provides up to 100% funding of the annual operating deficit for eligible low-income housing entities in Quebec. Its purpose is to ensure the continued availability of affordable housing by covering the gap between rental income and operation costs for qualified cooperatives, non-profit organizations, and housing offices.

Financing terms and conditions

Financial assistance covers up to 100% of the annual operating deficit for eligible low-income housing projects.
The total amount of combined public financial aid (provincial, federal, and municipal, including tax credits) cannot exceed 100% of eligible expenses.
Municipalities participating in funding are required to contribute 10% of the annual operating deficit.

Activities funded

Financing of operating deficits for low-income housing projects (HLM) that no longer have existing government authorization.
Support for renovated, expanded, or reconstructed low-income housing buildings requiring new operational funding agreements.

Eligibility

The applicant must be a cooperative, a non-profit organization, or a housing office that owns or manages an eligible low-income housing project.
The project must be part of the low-income housing portfolio for which the Société d’habitation du Québec is no longer authorized, or will no longer be authorized by December 31, 2026, to subsidize the annual operating deficit.
The project may also be eligible if it has been reconstructed or expanded with funding from the Société, under a government-approved program or decree, and lacks current authorization for operating deficit subsidy.

Who is eligible?

Cooperatives owning or managing eligible low-income housing projects
Non-profit organizations owning or managing eligible low-income housing projects
Housing offices (offices d’habitation) owning or managing eligible low-income housing projects

Who is not eligible

Private for-profit companies not operating as a cooperative, non-profit organization, or housing office.
Entities that do not own or manage eligible low-income housing projects (HLM) as defined by the program.

Eligible expenses

The annual operating deficit of eligible low-income housing properties, calculated as the difference between operating revenues and operating expenses according to the regulatory framework in force.

Eligible geographic areas

Quebec

How to apply

Confirm program eligibility

Verify that your organization is a cooperative, non-profit organization, or housing office managing or owning an eligible low-income housing project (E.I.)
Ensure the E.I. is not authorized for continued deficit funding by December 31, 2026, or has been reconstructed/expanded without required funding authorization

Assess eligible financial needs

Review the applicable regulatory framework of the Non-Profit Housing Program, public and private components (PSBL)
Determine the eligible annual operating deficit as per program guidelines

Prepare application documents

Prepare required financial and operational documentation showing the deficit and compliance with program norms
Ensure supporting documents are complete for application submission

Submit the application

Submit the application and supporting documents to the Société d’habitation du Québec
Verify submission procedures and deadlines according to program guidelines

Await evaluation results

Monitor the review process for evaluation by the authorities
Respond to additional information requests if needed

Additional information

The program is authorized for the period ending December 31, 2026.
An evaluation of the program will be submitted to the Secrétariat du Conseil du trésor by August 31, 2026.
The Société d'habitation du Québec is responsible for maintaining operating agreements with involved organizations and municipalities throughout the duration of the program.

Apply to this program

Frequently Asked Questions about the Program authorizing the financing of the operating deficit of certain low-income housing projects Program

Here are answers to the most common questions about the Program authorizing the financing of the operating deficit of certain low-income housing projects. 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.