Apply now to the newly-launched National Housing Co-Investment Funding to build new housing and repair or renew the existing community and affordable housing supply.
This $13.2 billion fund provides grants and low-cost loans to support the development of up to 60,000 new affordable units and repair up to 240,000 affordable and community units over the next ten years. Investments will also support the creation or repair of at least 4,000 shelter spaces for survivors of family violence, the creation of at least 7,000 new affordable units for seniors, and 2,400 new affordable units for people with developmental disabilities.
There are two streams within the National Housing Co-Investment Fund:
- The Housing Construction Stream for new construction, which provides $5.19 billion in loans and $2.26 billion in capital contributions over 10 years; and
- The Housing Repair and Renewal Stream, which provides $3.46 billion in loans and $2.26 billion in capital contributions over 10 years.
Officials will prioritize projects that meet or exceed accessibility and energy efficiency standards, as well as projects that are advanced enough in planning that they could be approved for funding in the coming months.