The Rent-to-Own stream of the Affordable Housing Innovation Fund was designed for housing providers interested in developing, testing and scaling innovative rent-to-own models and projects.

This funding provided housing providers, developers and investors resources to test new ideas. It enabled them to explore better ways of meeting housing challenges, including financing projects and developing funding models to address new gaps and respond to a shifting housing landscape.

To have qualified for funding an innovative rent-to-own project or idea needed to demonstrate how it helped a tenant to become a homeowner within 5 years.