Open
Rapid Housing Initiative — Projects Stream
Funding to build affordable housing
Last Update: March 24, 2026
Funding available
Up to 25% of project cost
Timeline
- Open Date : February 3, 2026
Location
Canada
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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Up to 25% of project cost
Timeline
- Open Date : February 3, 2026
Eligible candidates
Eligible Industries
- Construction
- Real estate and rental and leasing
Location
- Canada
Legal structures
- Public or Parapublic institution
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
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
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
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.
Documents and links
Contacts
Frequently Asked Questions about the Rapid Housing Initiative — Projects Stream Program
Here are answers to the most common questions about the Rapid Housing Initiative — Projects Stream. 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.
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?
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
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