Financing (a combination of a grant and a loan) for up to 20% of total eligible project costs
Up to a maximum combined financing of $10 million
50% grant and 50% loan*
*Northern providers are eligible for a 60% grant. Please see application guide for details.
Municipally owned corporations, such as municipal housing service providers; or
Non-profit, mission-driven affordable housing providers, including cooperatives.
We provide grants and loans to support the construction of a new affordable housing project to a higher environmental performance standard.
This funding supports measures to install physical infrastructure, to create new housing units that are designed to achieve net-zero-ready building energy performance. Projects working toward NZER/NZE can reach this target through a range of methods and building performance standards. These include, but are not limited to, Passive House©, LEED® Platinum, or Canada Green Building Council’s Zero Carbon Building. GMF does not require certification through any of these programs.
To be eligible for funding, new construction projects are required to meet NZE/NZER standards. Specifically, buildings in most regions must target a net annual total energy use intensity (TEUI) of less than 80 kWh/m2 at project completion. Northern applicants may target a net annual TEUI of up to 120 kWh/m2. See application guide for more details.
Time to complete projects
Projects are typically expected to be completed within three years of FCM approval.
Funding is stackable with CMHC’s Co-Investment Fund and other initiatives of the National Housing Strategy, as well as programs available through the provinces or territories.
We reserve the right to make changes to eligibility criteria and the types of projects funded through this offer.
How to apply
- Download and review our application guide.
- Ensure you have all supporting documentation required, including a detailed project budget in place. Refer to the application guide for a complete list (Appendix B).
- Complete and submit the initial proposal form and project summary sheet.
- Receive eligibility confirmation and full application form from GMF within three weeks.
- Complete and submit the full application and project workbook.
FCM has an agreement with Quebec's Ministère des Affaires municipales et de l’Habitation (MAMH) that allows the ministry to review applications to GMF before they are submitted to FCM. Quebec municipalities and municipally-owned corporations interested in applying should contact GMF.
Municipally-owned corporations are not included in the agreement with MAMH. They must obtain authorization from the Quebec government to secure an agreement with FCM, in accordance with the Ministère du Conseil exécutif. Private non-profit organizations can submit to GMF directly.
Sign up for alerts whenever a new funding opportunity is added.
Get alerted anytime a new funding opportunity is added to see if you could be eligible for more funding on your projects.
Need help to see if this is the right funding for you?
Contact our Outreach team who can answer any questions you have relating to this funding opportunity.