The Affordable Housing Innovation Fund supports new ideas that will drive change and disrupt the industry — ideas and approaches that will evolve the affordable housing sector and create the next generation of housing in Canada.
The Fund drives and allows companies to:
- develop and test innovations that incorporate resource and operating efficiencies and are replicable and scalable.
- get flexible financial support to test a range of innovations and leverage new partnerships.
- facilitate partnerships and encourage participation from diverse stakeholders.
Eligibility requirements
The Innovation Fund is looking for unique ideas and approaches that will evolve and disrupt the affordable housing sector in Canada.
Eligible applicants include:
- municipalities, provinces and territories
- private sector developers and builders
- non-profit housing providers and community housing organizations
- Indigenous governments and organizations
- any other housing provider interested in developing and testing innovative approaches to affordable housing
Innovation Fund proposals must demonstrate how they meet the following minimum criteria to be reviewed:
- innovation
- affordability
- financial sustainability
- knowledge transfer
- housing needs of priority populations
- accessibility
- partnerships promotion
- scalability
- replicability
- reduction of energy use and green gas emissions
- development, implementation and testing readiness
Timeline
CMHC accepts and reviews applications on a continual basis and makes funding announcements on a periodic basis.
