National Housing Co-Investment Fund: Black-led Organizations
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This option of the National Housing Co-Investment Contribution Fund increases access to housing funding for Black-led organizations. The contribution funding supports Black-led* organizations to build housing benefiting Black households.
* As a guideline, an organization is deemed Black-led when at least two-thirds of its leadership and governance positions are occupied by people self-identifying as Black.
Before starting your application, please take a moment to download, save, and review our application guide. The guide includes information required to create your profile and start the application process successfully.
The Fund prioritizes partnerships between Black-led organizations and other partners like governments, non-profits and other such organizations.
Contribution Funding through the Co-Investment Fund supports organizations that have already partnered and secured funding but require more capital. It can be used to:
top-up funding – when you have most of your project funding secured and require top-up funding to close a funding gap
leverage other funding sources – get funding confirmation within 30 days of being prioritized that can then be used to secure funding from other sources
Contribution Funding provides:
an unsecured contribution that facilitates seamless integration into project financing structures. This can make it easier for you to attract other sources of funding.
* The Co-Investment’s Contribution funding amounts are based on lesser of per unit calculation, project needs or percentage of costs (Non-profits/coops = 40%.)
Eligibility requirements
Eligible applicants include:
Black-led organizations in Canada
Eligible projects include the construction of:
new community and affordable housing
mixed use market / affordable rental
conversion from a non-residential use to affordable residential
shelters
transitional and supportive housing
To be eligible your project:
must have a minimum of 5 units/beds
be primarily for residential use
Your projects must have support from another level of government such as:
a municipality
a province or territory
Partners will be required to contribute to the project including monetary or in-kind contributions.
Support can be in the form of investment of resources. It can also be in the form of a letter endorsing your project.
IMPORTANT: The Contribution Fund is targeted to projects that already have (or will be securing) most of their project funding from other sources. If you require more than 40% of funds already secured, apply through one of the other CMHC Programs, like MLI Select or the Rental Construction Financing Initiative.
Application and approval process
Applications are reviewed for readiness, eligibility and completion. CMHC will
contact you if additional documentation or clarifications are required before
starting the assessment and prioritization of your application.
TIP: Review the required documents needed throughout the
process.
Submit your application in the application portal AFTER you have received
confirmation from
your CMHC specialist.
Approval process and timelines
Contribution funding commitment (up to 30 days)
You’ll receive a contribution agreement confirming CMHC’s conditional
approval of funding for the project if your application is deemed complete.
Meet funding conditions (you have up to 6 months to satisfy all
conditions)
Your CMHC Specialist will continue to work with you to meet all conditions
outlined in the agreement. You must satisfy conditions within the set time
frame, or you may be at risk of a cancellation of the application or changes
to CMHC’s funding commitment.
First advance (required documentation must be provided 10 days before
each drawdown date)
The Contribution Agreement will outline the process and any supporting
documentation needed to request an advance from CMHC.
Before you begin the application process,
contact your CMHC specialist
to help you prepare and gather the required documentation for your application
submission.
Start your application
Before you begin the application process, contact your CMHC housing specialist to help you prepare and gather the required documentation for your application submission.