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