Open
Rapid Housing Initiative — Projects Stream
Funding to build affordable housing
Last Update: May 28, 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
Official resources
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
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.
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.
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
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?
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