Preservation Funding for community housing
$75,000.00
Grant
Description:
Financial assistance to help community housing providers complete preservation activities related to the sustainability of existing community housing projects.
Comments on Funding:
The maximum funding available per project to complete eligible activities is $50,000.
Maximum funding may be increased to $75,000 on a case-by-case basis.
Each funding agreement offers up to 18 months from the approval date to complete the approved activities.
Continuous Intake
Eligibility:
Applicants must be community housing providers
1. If you are under an active, eligible federally administered operating agreement:
a. You must comply with the terms of the operating agreement (not in breach).
2. If you were previously subject to a federally administered operating agreement that has since expired
a. This includes those previously administered under a federally administered operating agreement that was transferred under an SHA which have since expired.
b. Your project must:
i. be primarily residential
ii. have a minimum of 5 affordable units or beds
iii. be considered affordable, as determined by the municipality, province or territory, or as accepted under other CMHC programs
3. If you were previously approved for Preservation Funding
a. All activities previously approved for funding have been completed.
4. Eligible activities
a. Funding may be provided to support costs that help preserve community housing.
b. Third-party quotes are required for all eligible activities included in your application.
5. Activities may include but are not limited to:
a. a building condition report
b. capital replacement reserve planning
c. an operating viability analysis
d. an age-friendly conversion assessment
e. an energy audit
Application Steps:
Applicants must:
1. Apply using the Preservation Funding form in the application portal.
2. Give yourself ample time to fill out the detailed, multi-page online form.
Documentation Needed:
Applicants must submit:
1. Signed Integrity Declaration (PDF): To ensure the integrity of persons or entities applying for Preservation Funding.
2. Third-party quotes are included for all eligible activities you would like to receive funding for.
3. Incorporation/registration or any document related to your legal status: To demonstrate the recipient or borrower is duly incorporated, organized, established and validly existing under the laws of its jurisdiction of incorporation, operation and organization.
4. Copies of any consultant or agent agreements (if applicable): To demonstrate due authorization if you are making the application on behalf of a person or entity intending to apply for Preservation Funding.
5. Rent rolls for the last 3 months (inclusive of the unit number, unit type, square footage, and monthly rental rates) that allow us to confirm affordability (only for projects previously administered under a federally administered operating agreement or those transferred under an SHA which have since expired).
Other Things to Note:
About the author
Maurice
