Affordable Rental Housing Program | Private Sector Stream
“Newfoundland and Labrador. Children, Seniors and Social Development”
$95,000.00
Maximum Eligible Amount
Government Grant
Fund Type
The Affordable Rental Housing Program (ARHP) provides one-time capital funding in the form of a forgivable loan to assist in the creation of affordable rental housing units throughout the province. The program is funded by the Newfoundland and Labrador Housing Corporation (NLHC).
There are two distinct application streams – the Private Sector Stream and the Community Housing Sector Stream. Successful proponents will own and manage their project and rent to lower income households at or below rates established by NLHC. These rates will be based on annual rental market reports published by Canada Mortgage and Housing Corporation.
| Program Criteria | Private Sector Stream | Community Housing Sector Stream |
| Eligible Proponents | Private Owners/Operators | Non-Profit Organizations Housing Co-operatives Indigenous Organizations |
| Funding Per Unit | $55,000-$95,000 | $125,000-$180,000 |
| Affordability Period | 15-20 years | 25-30 years |
| Max. Household Incomes | $42,000 | $38,000 |
| Application Window | Round 1: June-August 31, 2023 | Open-ended (subject to change) |
What determines the funding level?
The funding amount is derived from a combination of project location and incentive criteria designed to encourage viable projects and target desired program outcomes. An online self-assessment tool is available to help determine the level of available financial assistance.
- Geographical Location: Location impacts the capital cost of an affordable housing project as the value and availability of land, labour and materials vary throughout the province. Project regions are assigned for Labrador, St. John’s CMA and Island Communities.
- Duration of Affordability: Projects that commit to a longer period of affordable rents will receive additional financial incentives.
- Energy Efficiency: Projects that exceed minimum energy efficiency requirements will further reduce heating costs for tenants and will receive additional financial incentives.
- Accessibility of Units: Projects that exceed minimum accessibility requirements will receive additional financial incentives.
- Proximity to Healthcare: Locating affordable housing units in close proximity to healthcare amenities will receive additional financial incentives.
Housing projects that support the development of age-friendly communities enable Newfoundlanders and Labradorians, including older adults with disabilities, to age in place with dignity and autonomy. For example, housing projects that include social or well-being multipurpose areas, inside and/or outdoors, contribute to age friendly design. Please contact the Affordable Housing Manager at arhp@nlhc.nl.ca or 709-724-3059 to discuss potential options for incorporating these elements, including related costs, within your project.
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