On November 21, the 2023 Fall Economic Statement announced the renaming of the National Housing Co-Investment Fund (NHCF) to the Affordable Housing Fund with an additional funding of $1 billion over 3 years, starting in 2025-26, to build more affordable housing.
Funding is still available under the current NHCF. The federal government intends to announce reforms to the Affordable Housing Fund in early 2024.
This Renovation option of the Affordable Housing Fund provides low-interest loans and contributions to renovate and repair affordable and community housing. The Fund prioritizes partnerships between governments, non-profits, private sector and other partners.
To qualify, you need to partner with a level of government to ensure a coordination of investments. This can be in the form of investment of resources or in the form of a letter stating endorsement for the project.
The Affordable Housing Fund focuses on developing affordable energy efficient, accessible (PDF) and socially inclusive housing that is:
- mixed-use that includes affordable housing
|Apply for a loan
|Apply for a contribution
The Affordable Housing Fund has several options available for new construction and renovations, repair and/or renewal of existing buildings.
Talk to a specialist to see which option is right for you.