Seed Funding for Affordable Housing New Construction Stream

Value

Varies

Description

The Seed Funding program supports affordable housing through interest-free loans and/or non-repayable contributions. There are two funding streams: one for new construction/conversions, and one to preserve existing community housing projects.

The New Construction Stream provides interest-free loans and/or non-repayable contributions to help with costs related to pre-development activities. This can include business plans, preliminary designs, development permits and more.

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
The Non-repayable contribution offers a 2-year period to complete and submit a payment request.

Maximum funding amounts are determined during the scoring and prioritization process.

Eligible Applicants

community housing providers
municipalities, provinces and territories
Indigenous governments and organizations
private sector groups

Eligible Expenses

Indigenous community housing
community and affordable housing
mixed-used market / affordable rental
shelters, transitional housing and supportive housing
conversion of non-residential buildings to affordable multi-residential
renovation of existing affordable units at risk of being abandoned or demolished

Minimum requirements
Your project must:

- be primarily residential
- have a minimum of 5 affordable units/beds
- be considered affordable, as determined by the Municipality, Province or Territory, or as accepted under other CMHC programs