Rapid Housing Initiative (RHI)
“Canada Mortgage and Housing Corporation (CMHC)”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
The Government of Canada, through CMHC, has launched the Rapid Housing Initiative (RHI). A $1 billion program to help address urgent housing needs of vulnerable Canadians, especially in the context of COVID-19, through the rapid construction of affordable housing.
CMHC will contact eligible applicants and pre-determined cities directly with further details.
The initiative provides capital contributions (upon signing a funding agreement with CMHC) under two streams to expedite the delivery of affordable housing. The RHI will: support the creation of up to 3,000 new permanent affordable housing units; cover the construction of modular housing, as well as the acquisition of land, and the conversion/rehabilitation of existing buildings to affordable housing; aim to commit all funds before March 31, 2021, and ensure housing is available within 12 months of agreements.
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