Regional Homebuilding Innovation Initiative (RHII) in the Prairie Provinces
$9,600,000.00
Loan
Description:
The RHII aims to change the way houses are built and provide more Canadians with a place to call home faster. It provides repayable contributions directly to businesses to help enhance local and regional housing supply chain and advance innovation in the residential construction sector.
Comments on Funding:
March 31, 2026
Eligibility:
Applicant must be:
1. a growing business that is scaling up and producing innovative goods, services, or technologies in the home building industry.
2. incorporated to conduct business in Canada.
3. in business for at least 2 years in Canada.
4. have staffed operating facilities in the Prairie provinces.
You have confirmed, at the time of expression of interest submission, funding from all other sources, including government and non-government (non-government funding must represent at least 50% of the proposed project costs).
Application Steps:
Applicants must submit an online Expression of interest (EOI)
Documentation Needed:
Applicant must submit:
1. Expression of Interest(EOI)
2. financial statements for the past 2 years, as well as interim financial statements for at least the last 6-month period
3. other supporting information (such as business plan, pitch deck) detailing your organization, and the proposed project
4. confirmation of other funding sources (such as bank statements, unused portion of lines of credit, official letters of intent, funding agreements, signed term sheets):
a. funding provided by applicant:
i. current bank statements detailing existing cash balances or the unused portion of lines of credit
b. funding provided by third-party sources:
i. official letters of confirmed/conditional funding
ii. funding agreements
iii. signed term sheets.
Other Things to Note:
About the author
Maurice
