Rapid Housing Initiative — Projects Stream

Eligible expenses

The RHI funding does cover eligible expenses. Eligible expenses include:

• Construction costs
• Soft costs (e.g., professional fees, permits)
• Land costs
• Eligible remediation costs
• Non-profit sponsor costs that are integral to the project

There are evaluation and selection criteria for this grant:

• Alignment with the objectives of the National Housing Strategy.
• Demonstrated ability to create new units of permanent affordable housing.
• Focus on vulnerable populations and women-focused affordable housing projects.
• Feasibility and sustainability of the proposed affordable housing units.

Here are additional relevant details for this grant:

• Successful applicants are required to submit attestations through CMHC’s Client Portal.
• The additional funding aims to create a total of 4,500 new affordable housing units.
• At least 25% of the investment must specifically support women-focused affordable housing projects.
• The RHI funding under Budget 2022 focuses on immediate housing needs to allocate all funds by March 31, 2024.
• The total funding of $1.5 billion is divided into two streams: $1 billion for the Projects Stream and $500 million for the Cities Stream.
• The application window for this funding round is currently closed.
• Applicants can seek further assistance regarding the National Housing Strategy or require technical support via the provided contact details.