Federal Budget 2023 Boosts Funding
Projects can now get up to:
- $75,000 per unit for exceeding affordability and energy efficiency standards
- $25,000 per unit for meeting minimum social outcome requirements
This New Construction option of the National Housing Co-Investment Fund provides low-interest loans 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
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