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.