Open
Source verified August 10, 2026
Funding available
$ 500,000
Deadline
October 30, 2026
Location
Quebec, Canada
Overview
This program supports housing projects for low- and modest-income households and people with special housing needs. It provides financial assistance for new construction and renovation projects, including affordable, intermediate-affordable, and cost-based rental housing.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 500,000 $
- Up to 100% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Quebec
Legal structures
- Non-profit
- Public or Parapublic institution
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Non-profit candidates
Sector of operation
- Higher Education
- Social Services
- Emergency and Relief
- Housing
Target groups
- All the groups
Revenue structures
- All structures
Scope
- Provincial
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- New housing construction projects
- Renovation projects following a purchase or donation of an existing building
- Affordable housing projects
- Intermediate-affordable housing projects
- Cost-based rental housing projects
Documents Needed
- Applicant incorporation documents or letters patent, plus a board resolution authorizing the application and signature authority, if applicable.
- Project realization budget and five-year budget forecast.
- Experience and expertise history in real estate management, financial statements and annual reports from the last two years, and up-to-date balances on all term loans.
- Letters of intent or commitment from financial partners other than the Société, and, where applicable, building condition inspection, environmental assessment, geotechnical studies, and the recognized lender’s project analysis results for Volet 2.
Eligibility
Who is eligible?
- Housing cooperatives
- Non-profit organizations
- Housing offices
- Legally constituted and registered persons, trusts, partnerships, or groups
- Recognized post-secondary educational institutions in Quebec
Who is not eligible
- Individuals
- Applicants registered in the Registre des entreprises non admissibles aux contrats publics (RENA), including subcontractors
- Applicants that defaulted, during the two years before the application, on obligations related to previous SHQ assistance after being formally notified
- Applicants that make payments to any entity described in the previous two situations
- Public establishments, private conventioned establishments and intermediate resources, unless they also operate a private seniors' residence
Eligible expenses
- Property acquisition costs, including the purchase offer deposit and related expenses, or the updating of the emphyteutic rent up to the value of the property.
- Project preparation and development expenses, including permits and financing interest.
- Professional fees for studies and reports, design, and construction follow-up.
- Interest on development and interim financing for the residential portion of the project.
- Construction costs for the residential portion, standard site preparation, standard furniture for common areas, and demolition expenses when the project qualifies under the stated conditions.
Ineligible Costs and Activities
- Furniture or appliances for units other than room typologies.
- Dishware, utensils, kitchen accessories, bedding, cleaning products, and maintenance products.
- Dwelling adaptation works.
- Works to bring water and sewer services to the land.
- Costs linked to contractors registered in the RENA.
Eligible geographic areas
- Quebec
Selection criteria
- Quality of the project financing structure
- Applicant experience in construction and property management
- Financial capacity and financial history
- Project quality, location, and readiness
- Project type and share of affordable units
How to apply
- Complete the prescribed application form and send it to the Société with all required documents.
- For Volet 2 projects, also send the recognized lender’s project analysis results, if applicable.
Processing and Agreement
- Applications are analyzed as they are received.
- The applicant is informed in writing of the decision within 45 business days of receipt.
- The Société may request additional information or documents and suspend review until they are provided.
- If selected, the applicant receives a selection letter, and funding is confirmed only after the assessment is completed and the applicable agreement is accepted.
- Unselected applicants receive a refusal letter; for Volet 2, this occurs after two selection exercises or six months, whichever is later.
Additional information
- The program is structured in two distinct streams: Volet 1 – PHAQ and Volet 2 – Projets d'habitations abordables, abordables intermédiaires et à loyer basé sur les coûts réels.
Availability timeline
2026
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Frequently Asked Questions about the Housing Financing Program Program
What is the Housing Financing Program?
This program supports housing projects for low- and modest-income households and people with special housing needs. It provides financial assistance for new construction and renovation projects, including affordable, intermediate-affordable, and cost-based rental housing.
How much funding can be received?
Housing Financing Program Funds up to 100% of admissible expenses, capped at $500,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Housing Financing Program program?
To be eligible for the Housing Financing Program program, you must:
Applicants must carry on housing-related activities
Projects must be carried out in Quebec
Projects must involve new construction or renovation
What expenses are eligible under Housing Financing Program?
New housing construction projects
Renovation projects following a purchase or donation of an existing building
Affordable housing projects
Intermediate-affordable housing projects
Cost-based rental housing projects
Where is the Housing Financing Program available?
The Housing Financing Program program is available the province of Quebec.
Is the Housing Financing Program a grant, loan, or tax credit?
Housing Financing Program is a Loans and Capital investments