March 23, 2023
Due to overwhelming demand, we have closed the application portal to process current applications. We will re-open the portal if funding is still available after current requests are reviewed.
The Seed Funding program supports affordable housing through interest-free loans and/or non-repayable contributions. There are 2 funding streams: one for new construction/conversions, and one to preserve existing community housing projects.
Interest-free loans
The interest-free loan offers a 3-year period to complete and submit a payment request. The loan can be combined with non-repayable contributions.
Non-repayable contributions
The Non-repayable contribution offers a 2-year period to complete and submit a payment request.
Maximum funding amounts are determined during the scoring and prioritization process. For more information, see “Application and Approval Process” below and the Product Highlight Sheet (PDF).
Considerations for Indigenous and Northern Housing Solutions Clients
In addition to a Ministerial Loan Guarantee (MLG), Canada Mortgage and Housing Corporation (CMHC) is now accepting four additional alternative types of security for projects on First Nation lands.
Resources
The following resources are available to help you prepare your application:
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