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Sustainable Affordable Housing | Federation of Canadian Municipalities (FCM)

Value

$300 million initiative

Description

Aging housing stock, rising energy costs and increasing demand for affordable housing have created a unique challenge for municipalities and other affordable housing providers working to build better lives.

Our $300 million initiative offers support to local affordable housing providers – including municipal, not-for-profit organizations and housing co-ops – to retrofit existing affordable housing units, or construct energy efficient new builds that emit lower GHG emissions.

Our new funding and learning resources can help your community achieve the following:

  • Retrofit existing units or construct new affordable housing
  • Generate triple bottom line benefits:
    • Reduce energy and GHG intensity
    • Increase energy and housing affordability
    • Improve building quality, and increase comfort, health and quality of life for residents

Eligible Applicants

The following organizations are eligible for SAH funding:

  • Canadian municipal governments (e.g., towns, cities, regions, districts, and local boards thereof);
  • Municipally owned corporations, such as municipal housing service providers; or
  • Non-profit, mission-driven affordable housing providers, including co-operatives. Non-profit housing providers include those delivering: transitional housing, supportive housing, social/community/ affordable/non-market rental housing. Shelters and affordable homeownership programs are generally not eligible to apply to this fund

Eligible Expenses

SAH funding provides grants and loans to support projects at various stages, specifically:

Project

Funding

Planning

  • Grant for up to 80% of eligible costs
  • Up to a maximum of $25,000

Study

  • Grant for up to 50% of eligible costs
  • Up to a maximum of $175,000*

Pilot Project

  • Grant for up to 80% of eligible costs
  • Up to a maximum of $500, 000

Capital Project: Retrofit

  • Financing for up to 80% of eligible costs
  • Up to a maximum combined financing of $10 million
  • Grants are available for 25-50% of total financing – grant and loan proportions are based on anticipated energy performance

Capital Project: New Build

  • Financing for up to 20% of eligible costs
  • Up to a maximum combines financing of $10 million
  • 50% grant and 50% loan

* Note that should your study grant request be for less than $25,000, it is recommended you apply for a planning grant. You may cover the same scope of work with this grant.

Deadline Date

  Open and Closes.

Contact

Contact Name: Federation of Canadian Municipalities

Phone Number: 613-241-5221

Website: https://greenmunicipalfund.ca/sustainable-affordable-housing

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