Financial assistance to help community housing providers complete preservation activities related to the sustainability of existing community housing projects.
The 2024/25 Preservation Funding budget has been fully allocated and the application portal is now closed.
Thank you for your interest in this program. While we’re not accepting applications at this time, we encourage you to explore other CMHC programs that may align with your needs.
We’re here to help. If you have any questions or would like to discuss other funding opportunities, please contact us.
Preservation Funding provides financial assistance to support the cost of completing preservation activities.
This funding helps:
existing community housing providers remain viable
prepare for future funding opportunities
Preservation Funding is open to:
Projects that are currently subject to an active, eligible federally administered operating agreement.
Projects that were previously subject to a federally administered operating agreement that have since expired. This includes projects previously administered under a federally administered operating agreement that were transferred under a Social Housing Agreement which have since expired.
Funding details:
The maximum funding available per project to complete eligible activities is $50,000.
Maximum funding may be increased to $75,000 on a case-by-case basis.
Each funding agreement offers up to 18 months from the approval date to complete the approved activities.
If you are under an active, eligible federally administered operating agreement
You must comply with the terms of the operating agreement (not in breach).
If you were previously subject to a federally administered operating agreement that has since expired
This includes those previously administered under a federally administered operating agreement that was transferred under an SHA which have since expired.
Your project must:
be primarily residential
have a minimum of 5 affordable units or beds
be considered affordable, as determined by the municipality, province or territory, or as accepted under other CMHC programs
If you were previously approved for Preservation Funding
All activities previously approved for funding have been completed.
Eligible activities1
Funding may be provided to support costs that help preserve community housing.
Third-party quotes are required for all eligible activities included in your application.
Activities may include but are not limited to:
a building condition report
capital replacement reserve planning
an operating viability analysis
an age-friendly conversion assessment
an energy audit
1 Expenses/costs related to eligible activities carried out and invoiced prior to the approval date of Preservation Funding are not eligible.
Application and approval process
CMHC will accept and review applications on a continuous basis.
During the assessment of your application, CMHC will:
assess your eligibility
review the third-party quotes provided
determine the amount of funding your project is eligible to receive
You will receive the decision via email.
If you are approved:
the approved funding amount will be disbursed in full following the approval of your application.
Note: Prior to submission, the terms and conditions of Preservation Funding must be adhered to. You will have the opportunity to review the terms and conditions on the final page of the application before submitting.
Resources
The following resources are available to help you prepare your application:
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.
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