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Federal Community Housing Initiative │ Canada Mortgage and Housing Corporation (CMHC)

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Value

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Description

The Federal Community Housing Initiative (FCHI) is a $618.2 million fund to support federally administered community housing projects reaching the end of their operating agreements from past social and affordable housing programs. The initiative has two phases:

  • FCHI-Phase 1, provided $38 million in federal funding over a two-year period.
  • Phase 2 provides a total of $580.2 million in funding for housing providers with expired agreements and those that will expire by March 31, 2028.

Eligible Applicants

  • Be a non-profit housing provider or a housing co-operative whose federal operating agreement with CMHC has ended or will end March 31, 2028.
  • Be a provider whose operating agreement with CMHC is under one of the following social housing programs:
    • Section 95 (Pre-86) non-profit, co-operative, urban native
    • Section 95 (Post-85) non-profit, co-operative, urban native
    • Section 95 (Post-85) Index-Linked-Mortgage (ILM) co-operatives
    • Section 27, 61 non-profit and co-operatives
    • Section 26 non-profit or Entrepreneurs
    • Section 95 Rent Supplement (units currently leased from a private property owner and rented to those in need).

Eligible Expenses

Eligible Projects:

The two FCHI-2 funding streams are:

  • Rental Assistance: The rental assistance stream provides financial assistance for low-income households. Housing providers may apply for this rental support, which aims to fund the gap between 30% of an assisted household’s gross monthly income and the occupancy charge.
  • Transitional Funding: The transitional funding stream is available to housing providers having trouble transitioning to the new program. The temporary funding will cover eligible operating costs for up to 24 months following the expiration of past federal agreements. This funding stream has a limited budget and is reserved for the most vulnerable groups, such as deep subsidy projects or urban Indigenous projects. Transitional funding is provided alongside the rental assistance stream as a separate, additional form of assistance.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: FCHI-2 TEAM

Phone Number: 1-800-668-2642

E-mail Address: fchi2-iflc2@cmhc-schl.gc.ca or contactcentre@cmhc.ca

Website: https://www.cmhc-schl.gc.ca/en/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/federal-community-housing-initiative

Industry:

Housing, Municipalities, Non-Profit

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, Yukon

Tags:

ABmunis, Affordable Housing

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