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

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

Last Update: May 30, 2025
QC, Canada
Funds operating deficits for low-income housing organizations in Quebec

Program authorizing the financing of the operating deficit of certain low-income housing projects 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
Grant Providers
  • Quebec Housing Society (SHQ)
Status
Open

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

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.

Eligible projects & activities

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

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

1
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
2
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
3
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
4
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
5
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

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