Editor's Note: This article will be continuously updated as new announcements are made. Last update: July 31, 2024.
Over the past week, the Government of Canada has been making a series of funding announcements, allocating large amounts of money to countless affordable housing projects across the country through the Affordable Housing Fund.
Administered by Canada Mortgage and Housing Corporation (CMHC), the Affordable Housing Fund is one of the bigger program's from the National Housing Strategy, and CMHC also announced improvements to the program last week with the introduction of a "frequent builders framework" that speeds up the application process for experienced builders.
What is the Affordable Housing Fund?
Formerly known as the National Housing Co-Investment Fund (NHCF) before being renamed in November 2023, the Affordable Housing Fund provides capital towards new affordable housing projects or the renovation of existing affordable housing.
The funding is provided in the form of low-interest and/or forgivable loans.
How much money is the Affordable Housing Fund distributing?
In 2023, the Government of Canada announced an additional $1B for the Affordable Housing Fund, bring the total amount of funding to $14B.
Then, with Budget 2024 in April, the federal government committed an additional $1B, which includes $976M over five years starting in 2024-2025 and $24M in future years. The latter, the government said, would be used to "launch a new Rapid Housing stream under the Affordable Housing Fund to build deeply affordable housing, supportive housing, and shelters for our most vulnerable."
According to Budget 2024, $100M has been earmarked for 2024-2025, followed by $219M in each of the following four years.
Which projects are receiving funding?
CMHC has not outlined a target number in terms of the number of projects or units the Affordable Housing Fund will help, but the following is a list of every recipient (projects or organizations) in British Columbia to receive funding, sorted by announcement date and funding amount.
April 29, 2024
1. 2075 Drennan Street Development
- Funding: $6,900,000
- Units: 170
- Location: Sooke
May 10, 2024
2. 6488 Byrnepark Drive
- Funding: $10,600,000
- Units: 130
- Location: Burnaby
3. New Vista Twin Towers Upgrades
- Funding: $8,700,000
- Units: 174
- Location: Burnaby
- Funding: $15,915
- Units: 48
- Location: Burnaby
Subtotal (Funding): $19,315,915
Subtotal (Units): 352
May 17, 2024
5. Our House of Clans (5573 Sunshine Coast Highway)
- Funding: $2,800,000
- Units: 34
- Location: Sechelt
May 17, 2024 (2)
6. Portwood Phase One: The Creek
- Funding: $139,200,000
- Units: 328
- Location: Port Moody
May 31, 2024
7. Aboriginal Housing Management Association
- Funding: $12,800,000
- Units: 855
- Location: British Columbia
June 25, 2024
8. Hoy Creek Housing Co-Op Redevelopment
- Funding: $8,200,000
- Units: 132
- Location: Coquitlam
July 24, 2024
9. Brightside 8705 French Street Redevelopment Project
- Funding: $37,338,008
- Units: 100
- Location: Vancouver
- Funding: $33,468,223
- Units: 89
- Location: North Vancouver
- Funding: $31,939,081
- Units: 87
- Location: Vancouver
12. Ashley Mar Housing Co-operative
- Funding: $22,819,225
- Units: 125
- Location: Vancouver
13. Rupert Seniors Affordable Housing and top up funding
- Funding: $20,444,442
- Units: 64
- Location: Vancouver
14. BC Housing Portfolio Repairs
- Funding: $20,000,000
- Units: 2,000
- Location: Vancouver
15. 1766 Frances Street Redevelopment
- Funding: $9,165,098
- Units: 81
- Location: Vancouver
16. Baptist Housing Portfolio Repairs
- Funding: $7,830,000
- Units: 783
- Location: Delta
- Funding: $7,000,000
- Units: 700
- Location: Vancouver
- Funding: $3,560,000
- Units: 356
- Location: Vancouver
- Funding: $3,280,000
- Units: 328
- Location: Vancouver
20. Murray Hotel
- Funding: $239,702
- Units: 120
- Location: Vancouver
21. 2495 West 3rd Avenue
- Funding: $92,777
- Units: 31
- Location: Vancouver
22. Inti Housing Co-operative
- Funding: $74,783
- Units: 20
- Location: Vancouver
23. Shelter
- Funding: $38,708
- Units: 10
- Location: Vancouver
Subtotal (Funding): $197,290,047
Subtotal (Units): 4,894
[Editor's Note: The CMHC July 24 press release states the total as 4,984 and 4,910. Upon inquiry, CMHC tells STOREYS the correct total is 4,894 and the press release will be corrected.]
July 26, 2024
24. BC Housing Portfolio Repairs
- Funding: $16,170,000
- Units: 1,617
- Location: Burnaby
- Funding: $11,140,000
- Units: 1,114
- Location: New Westminister
26. Metro Vancouver Housing Repairs and Retrofits
- Funding: $5,600,000
- Units: 560
- Location: Burnaby
27. L'Arche Greater Vancouver Sussex Redevelopment
- Funding: $4,531,481
- Units: 61
- Location: Burnaby
28. Shelter YWCA Grange Street
- Funding: $3,200,000
- Units: 32
- Location: Burnaby
29. Heat Our Homes
- Funding: $103,451
- Units: 16
- Location: New Westminster
Subtotal (Funding): $40,744,932
Subtotal (Units): 3,400
July 29, 2024
30. Timberline at North Park
- Funding: $33584,422
- Units: 102
- Location: Port Alberni
31. Tyee Urgent Repairs
- Funding: $15,500,000
- Units: 75
- Location: Victoria
32. The Residences at Qualicum Station
- Funding: $12,239,874
- Units: 56
- Location: Qualicum Breach
33. Móytel Lalém
- Funding: $9,200,000
- Units: 96
- Location: New Westminster
34. Sunset View Apartments
- Funding: $9,098,982
- Units: 34
- Location: Powell River
35. 3130 Jutland Road
- Funding: $6,600,000
- Units: 88
- Location: Victoria
36. Lax Kw'alaams WAAP Housing Society
- Funding: $6,200,625
- Units: 70
- Location: Prince Rupert
37. 856 Nigel Avenue
- Funding: $5,250,000
- Units: 70
- Location: Saanich
38. Sharp Road
- Funding: $4,302,209
- Units: 14
- Location: Tofino
39. The Woodlands at Dawson Heights
- Funding: $4,250,000
- Units: 85
- Location: Victoria
40. Cypress Gardens
- Funding: $3,791,000
- Units: 52
- Location: Comox
41. Okanagan Indian Band Community Housing Fund
- Funding: $3,599,766
- Units: 16
- Location: Vernon
42. Kitselas Community Housing
- Funding: $3,000,000
- Units: 40
- Location: Kitselas
43. 1919 17th Avenue
- Funding: $2,850,000
- Units: 164
- Location: Prince George
44. The Victoria Cool Aid Society Repairs
- Funding: $2,680,000
- Units: 268
- Location: Victoria
45. Maitland Street Family Housing
- Funding: $1,980,000
- Units: 46
- Location: Port Alberni
46. 314 Buller Street Affordable Housing Project
- Funding: $1,767,348
- Units: 36
- Location: Ladysmith
47. Heiltsuk First Nation Repairs and Improvements
- Funding: $1,500,000
- Units: 100
- Location: Bella Bella
48. Chown Pl Seniors Housing
- Funding: $1,455,576
- Units: 58
- Location: Victoria
49. Rainbow Gardens Seniors' Apartment
- Funding: $1,000,000
- Units: 48
- Location: Port Alberni
50. Nisga'a Lisims Government Repairs
- Funding: $885,000
- Units: 59
- Location: Nisga'a
51. Gitwangak Repairs
- Funding: $808,496
- Units: 57
- Location: Gitwangak
52. Cook's Ferry Indian Band Repairs
- Funding: $750,000
- Units: 50
- Location: Kamloops
53. Cowichan Tribes Repairs
- Funding: $750,000
- Units: 50
- Location: Duncan
54. Ucluelet First Nation Repairs
- Funding: $660,000
- Units: 44
- Location: Nananimo
55. Stage Two Housing-Victoria
- Funding: $525,000
- Units: 7
- Location: Victoria
56. Kitasoo Xai'xais Nation Housing Renovation Project
- Funding: $495,000
- Units: 33
- Location: Kitasoo
57. Squamish Nation Repairs
- Funding: $480,000
- Units: 66
- Location: North Vancouver
58. Quadra Island Seniors Housing Project
- Funding: $465,000
- Units: 16
- Location: Quadra Island
59. Fort Nelson First Nation Repairs
- Funding: $465,000
- Units: 11
- Location: Fort Nelson
60. Stz'uminus First Nation Repairs
- Funding: $450,000
- Units: 30
- Location: Chemainus
61. Tsawwassen First Nation Repairs
- Funding: $435,000
- Units: 29
- Location: Delta
62. Saulteau First Nations Repair
- Funding: $367,330
- Units: 28
- Location: Chetwynd
63. West Moberly First Nations Repairs
- Funding: $315,000
- Units: 21
- Location: West Moberly
64. Yale First Nation Repairs
- Funding: $300,000
- Units: 20
- Location: Hope
65. Taku River Tlingit First Nation Repairs
- Funding: $300,000
- Units: 20
- Location: Stikine Region
66. Osoyoos Indian Band Repairs
- Funding: $300,000
- Units: 20
- Location: Osoyoos
67. Blueberry River First Nations Repairs
- Funding: $300,000
- Units: 20
- Location: Blueberry River
68. Bridge River Repairs
- Funding: $300,000
- Units: 20
- Location: Bridge River
69. Tzeachten First Nation Repairs
- Funding: $294,000
- Units: 21
- Location: Tzeachten
70. Shelter
- Funding: $264,000
- Units: 15
- Location: Lillooet
71. Tla'amin Nation Repairs
- Funding: $262,900
- Units: 32
- Location: Powelll
72. Sq'éwlets Repairs
- Funding: $242,200
- Units: 18
- Location: Squawkum Creek
73. Okanagan Indian Band Repairs
- Funding: $240,000
- Units: 16
- Location: Vernon
74. Neskonlith Indian Band Repairs
- Funding: $225,000
- Units: 15
- Location: Neskonlith
75. Soowahlie Repairs
- Funding: $225,000
- Units: 15
- Location: Soowahlie
76. Skwlax te Secwepemculecw Repairs
- Funding: $210,000
- Units: 14
- Location: Columbia-Shuswap
77. Lil'wat Nation Rental Housing Building Envelope Renovation
- Funding: $200,000
- Units: 20
- Location: Mount Currie
78. Shelter
- Funding: $200,000
- Units: 15
- Location: Kamloops
79. Cheam First Nation Repairs
- Funding: $195,000
- Units: 13
- Location: Cheam
80. Safe and Healthy Home for Tsleil-Waututh Nation
- Funding: $180,000
- Units: 12
- Location: North Vancouver
81. Lower Nicola Indian Band Repairs
- Funding: $180,000
- Units: 12
- Location: Nicola Mameet
82. Lhtako Dene Nation Repairs
- Funding: $177,042
- Units: 28
- Location: Quesnel
83. Leqamel First Nation Repairs
- Funding: $165,000
- Units: 11
- Location: Holachten
84. Daylu Dena Council Repairs
- Funding: $165,000
- Units: 11
- Location: Lower Post
85. AQAM Repairs
- Funding: $165,000
- Units: 11
- Location: Cranbrook
86. Sumas First Nation Repairs
- Funding: $153,850
- Units: 20
- Location: Abbotsford
87. Prophet River First Nation Repairs
- Funding: $150,000
- Units: 10
- Location: Fort Nelson
88. Seabird Island Band Repairs
- Funding: $150,000
- Units: 10
- Location: Kent
89. Tahltan Repairs
- Funding: $150,000
- Units: 10
- Location: Telegraph Creek
90. T'Sou-ke First Nation Community Housing Repairs and Renovations
- Funding: $150,000
- Units: 10
- Location: T'Sou-ke
91. Shuswap Band Repairs
- Funding: $150,000
- Units: 15
- Location: Invermere
92. Pacheedaht First Nation Repairs
- Funding: $150,000
- Units: 10
- Location: Juan de Fuca
93. Skidegate Repairs
- Funding: $150,000
- Units: 10
- Location: Skidegate
94. Shelter
- Funding: $137,167
- Units: 15
- Location: Merritt
95. Nuxalk Nation Repairs
- Funding: $120,000
- Units: 8
- Location: Bella Coola
96. Coldwater Repairs
- Funding: $113,460
- Units: 20
- Location: Merritt
97. Tk'emlups te Secwepemc Repairs
- Funding: $109,821
- Units: 22
- Location: Thompson-Nicola
98. Housing Repairs
- Funding: $105,000
- Units: 7
- Location: Quesnel
99. Glen Vowell Repairs
- Funding: $105,000
- Units: 7
- Location: Sik-e-dakh
100. Ts'uubaa-asatx First Nation Repairs
- Funding: $90,000
- Units: 6
- Location: Cowichan Lake
101. Old Massett Village Council Repairs
- Funding: $86,436
- Units: 8
- Location: Masset
102. Upper Similkameen Repairs
- Funding: $60,000
- Units: 4
- Location: Chuchuwayja
103. Lhoosk'uz Dene Nation Repairs
- Funding: $60,000
- Units: 4
- Location: Kluskus
104. Nanoose First Nation Repairs and Renovations
- Funding: $47,544
- Units: 17
- Location: Lantzville
105. Ulkatcho Repairs
- Funding: $47,315
- Units: 8
- Location: Ulkatcho
106. Skowkale First Nation Repairs
- Funding: $42,460
- Units: 3
- Location: Skowkale
107. Shackan Indian Band Repairs
- Funding: $37,810
- Units: 3
- Location: Shackan
108. Xaxli'p Repairs
- Funding: $30,000
- Units: 2
- Location: Fountain
109. Sts'ailes Repairs
- Funding: $26,819
- Units: 20
- Location: Fraser Valley
110. Doig River First Nation Repairs
- Funding: $24,135
- Units: 4
- Location: Doig River
111. Binche Whut'en Repairs
- Funding: $22,556
- Units: 2
- Location: Binche
112. Nazko First Nation Repairs
- Funding: $15,880
- Units: 2
- Location: Nazco
113. Ehattesaht Renovations
- Funding: $15,000
- Units: 1
- Location: Ehatis
114. Tsawout First Nation Repairs
- Funding: $14,057
- Units: 1
- Location: Saanich
115. Ulkatcho First Nations Repairs
- Funding: $10,080
- Units: 8
- Location: Squamish
116. Campbell River Repairs
- Funding: $8,362
- Units: 3
- Location: Campbell River
117. Shxwhá:y Village Repair
- Funding: $7,584
- Units: 8
- Location: Skway
110. Gwa'Sala-Nakwaxda'xw Repairs
- Funding: $4,856
- Units: 1
- Location: Tsulquate
Subtotal (Funding): $145,335,963
Subtotal (Units): 2,677
July 31, 2024
111. Salvation Army Harbour Light
- Funding: $23,600,000
- Units: 300
- Location: Vancouver
