Closed
Rapid Housing Initiative — Projects Stream
Funding to build affordable housing
Record updated
- Funding available
- Up to 25% of project cost
- Deadline
- Unspecified
- Location
- Canada
- Who can apply
- See full eligibility
Overview
Get capital contribution funding to cover rapid construction of new housing and/or acquisition of existing buildings for rehabilitation or conversion to permanent affordable housing.
At a glance
Funding available
- Maximum share of project costs
- 25%
Eligible candidates
- Location
- Canada
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- All groups
- Legal structures
- Public or Parapublic institution
Receipt of requests is now closed
Get notified about updates to this grant.
Availability timeline
2026
Periods: 1
Eligibility
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
Activities funded
There are eligible projects for this grant. The funding is targeted towards creating new units of permanent affordable housing for vulnerable populations, with a focus on women-focused affordable housing projects.
- Creation of new units of permanent affordable housing
- Projects targeting vulnerable populations
- At least 25% of investments going towards women-focused affordable housing projects
How to apply
- Step 1: Submission of Certificates
- Access the client portal of the Canada Mortgage and Housing Corporation (CMHC).
- Download and complete the required certificates according to the details outlined in the guide provided in PDF format.
- Step 2: Consultation of the Management Guide
- Consult the step-by-step PDF guide for proper management of the submitted certificates.
Selection criteria
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.
Additional information
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.
Contacts
Official sources
Application form
Attestations
Frequently Asked Questions about the Rapid Housing Initiative — Projects Stream Program
What is the Rapid Housing Initiative — Projects Stream?
Get capital contribution funding to cover rapid construction of new housing and/or acquisition of existing buildings for rehabilitation or conversion to permanent affordable housing.
How much funding can be received?
Rapid Housing Initiative — Projects Stream Funds up to 25% of admissible expenses.
Who is eligible for the Rapid Housing Initiative — Projects Stream program?
To be eligible for the Rapid Housing Initiative — Projects Stream program, you must:
Applicants must target vulnerable populations identified under the National Housing Strategy.
The projects aimed to create permanent affordable housing units.
What expenses are eligible under Rapid Housing Initiative — Projects Stream?
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
Who can I contact for more information about the Rapid Housing Initiative — Projects Stream?
You can contact Canada Mortgage and Housing Corporation (CMHC) by email at contactcentre@cmhc.ca or by phone at 1-800-668-2642.
Where is the Rapid Housing Initiative — Projects Stream available?
The Rapid Housing Initiative — Projects Stream program is available across Canada.
Is the Rapid Housing Initiative — Projects Stream a grant, loan, or tax credit?
Rapid Housing Initiative — Projects Stream is a Loans and Capital investments