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Alberta Business Grants Ltd.

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Preservation Funding for community housing │Canada Mortgage and Housing Corporation (CMHC)

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Value

The maximum funding available per project to complete eligible activities is $50,000.

Description

Preservation Funding provides financial assistance to support the cost of completing preservation activities. Financial assistance to help community housing providers complete preservation activities related to the sustainability of existing community housing projects. This funding helps:

  • existing community housing providers remain viable
  • prepare for future funding opportunities

Eligible Applicants

Minimum requirements:

  • 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 Expenses

Eligible activities:

  • 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

Deadline Date

CMHC will accept and review applications on a continuous basis.

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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