Affordable Housing Fund (formerly National Housing Co-Investment Fund)
CMHC capital program (low-interest and/or forgivable loans and contributions) for building new affordable/community housing and repairing/renewing existing community housing. Successor to the National Housing Co-Investment Fund (NHCF). NOTE: the application portal is currently CLOSED because the budget is fully committed (see notes).
What you get
Funding for affordable housing
Who it's for
Organizations that have partnered with another organization or level of government and have secured some funding.
This takes you to the official website
What to have ready
Documents they may ask for
- Government ID for everyone in your household, if available
- A copy of your lease or rent agreement
- Recent rent receipt, ledger, or proof of what you owe
- Recent pay stubs, benefit statement, or income proof
- ODSP, Ontario Works, CPP, OAS, or other benefit statement if you have one
- Recent bank statement, if the program asks for it
What to say when you call
“Hi, I found your housing support program and I want to check if I can apply. Can you tell me the current rules, documents needed, and the next step?”
Use the official page first, then call 211 if you are not sure where to start.
Can I get this?
You have a good chance if this sounds like you:
- Organizations that have partnered with another organization or level of government and have secured some funding
- Projects must meet CMHC's affordability, energy-efficiency and accessibility requirements
What to do next
Check off each step as you go — we'll remember where you are.
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The fine print
More details about the money
Funding is provided as low-interest loans, forgivable loans and/or contributions; exact amounts vary by project and stream and are not published as fixed per-unit figures on the program page. The program budget is currently fully committed.
Amounts and eligibility change. Confirm the current figure with the program administrator through the official link before you rely on it.
The full eligibility rules
Organizations that have partnered with another organization or level of government and have secured some funding. In practice: non-profit housing providers, community housing organizations, municipalities/provinces/territories, Indigenous governments and organizations, and private developers partnering on affordable/community housing. Projects must meet CMHC's affordability, energy-efficiency and accessibility requirements.
Good to know
Verified against the live CMHC page, which states: 'CMHC has received sufficient applications to fully commit the Affordable Housing Fund budget. The application portal is now closed.' All sub-streams (New Construction: Community Housing, New Construction: Rapid Housing, Repair and Renewal, Indigenous and Northern Communities, and the Black-led Organizations carve-out) are fully committed. Formerly the National Housing Co-Investment Fund (NHCF). Monitor the page for any re-opening or successor program; amounts/streams change with federal budgets.
Official sources we checked
- https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/affordable-housing-fund
- https://assets.cmhc-schl.gc.ca/sites/cmhc/nhs/co-investment-fund/nhs-co-invest-fund-funding-eligibility-en.pdf
- https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2024/enhancements-affordable-housing-fund-apartment-construction-loan-program
People also look at
Funding for affordable housing
MLI Select (Multi-Unit Mortgage Loan Insurance)
CMHC's multi-unit mortgage loan insurance product that rewards landlords/developers who commit to affordability, energy efficiency and/or accessibility with better financing terms (higher loan-to-value/cost, longer amortizations and recourse flexibility).
Up to $15,000
Oxford County My Second Unit (Secondary Dwelling Forgivable Loan)
An Oxford County program offering homeowners an interest-free, forgivable loan of up to $15,000 to help plan and finance a secondary, self-contained dwelling unit in their home (e.g.
Up to $45,000
Affordable Rental Housing Program (City of London - Dollars to Doors)
London's incentive that provides up to $45,000 per new affordable rental unit (as a loan) to offset construction costs, in exchange for keeping rents at 80% of CMHC average market rent for at least 25 years.