The National Housing Co-Investment Fund – Housing Repair and Renewal Stream is open to:
- community housing providers (i.e. Public or private non-profit housing organizations or rental co-operatives)
- provinces and territories
- Indigenous governments and organizations
- private sector
The following projects can be considered for funding:
- existing community and affordable housing
- urban indigenous community housing
- mixed use market / affordable rental
- transitional and supportive housing
All projects must:
- have a minimum of 5 units/beds (including scattered units/properties)
- have primary use as residential
- meet minimum requirements for partnerships, financial viability, affordability, energy efficiency, and accessibility (as outlined below)
Partnerships are a central feature of the National Housing Co-Investment Fund. Partnerships maximize investments, ensure coordination of efforts and remove barriers to the development process. Partners will be required to contribute to the project (monetary or in-kind) and the level of contribution may vary from project to project.
Projects must have support from another level of government (such as municipalities, Provinces and/or Territories, Indigenous Government) to ensure a coordination of investments. Support can be financial in nature (monetary or in-kind) or in the form of a letter demonstrating support of the project. For financial support (capital or operating), funding would need to be confirmed at the assessment stage prior to receiving a final approval from CMHC.
Applicants will have to:
- demonstrate their financial and operational ability to carry the project
- provide evidence of the financial viability of the proposed project itself
- have the capacity to deal with development risks, such as cost over-runs and delays in construction
- keep rents for a minimum of 30% of units below 80% of the Median Market Rental rate (as described in the most recent CMHC Rental Market Survey for the market and unit type in question)
- commit for a minimum of 20 years.
Proponents will be expected to meet the minimum accessibility requirement that:
- 20% of all units within the project meet or exceed accessibility standards as prescribed in Table A
- access to the project and its common areas is barrier free
Learn more about accessibility requirements.
Existing projects are required to achieve a 25% decrease in energy consumption and greenhouse gas (GHG) emissions relative to past performance levels.
Note: Once your project is selected, we require a confirmation of the energy efficiency and GHG emissions reduction by a qualified energy professional. Click here to learn more about Energy Efficiency requirements.
When your project is selected to proceed, you may also wish to apply for Solutions Labs or Demonstrations to allow you to overcome barriers to your projects or capitalize on opportunities to improve performance and enhance outcomes.