Due to overwhelming demand, the Seed Funding budget for 2023 has been fully allocated. We anticipate the portal will re-open in 2024. Refer back to this web page for the most up to date information.
The Seed Funding program supports affordable housing through interest-free loans and/or non-repayable contributions. There are 2 funding streams: one for new construction/conversions, and one to preserve existing community housing projects.
Interest-free loans
The interest-free loan offers a 3-year period to complete and submit a payment request. The loan can be combined with non-repayable contributions.
Non-repayable contributions
Funding under the non-repayable contribution must be invoiced by December 31st in the year of application approval.
Maximum funding amounts are determined during the scoring and prioritization process. For more information, see “Application and Approval Process” below and the Product Highlight Sheet (PDF).
Considerations for Indigenous and Northern Housing Solutions Clients
In addition to a Ministerial Loan Guarantee (MLG), Canada Mortgage and Housing Corporation (CMHC) is now accepting four additional alternative types of security for projects on First Nation lands.
Resources
The following resources are available to help you prepare your application:
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