This New Construction option of the National Housing Co-Investment Fund provides low-interest and forgivable loans to build new affordable housing. The Fund prioritizes partnerships between governments, non-profits, the private sector and other partners.
To qualify, you need to partner with a level of government to ensure coordination of investments.
The Co-Investment Fund focuses on developing energy-efficient, accessible (PDF) and socially inclusive housing that is:
- mixed-use that includes affordable housing
Since the launch of the National Housing Co-Investment Fund in May 2018, interest and demand has been high resulting in a limited amount of forgivable loan/contribution funding remaining for new construction projects. Applications will continue to be accepted and prioritized based on projects that are shovel-ready, have secured significant sources of equity from partners and can deliver desired outcomes.
Make sure you speak to a specialist before you start your application.