Canada Rental Protection Fund

On this page

• About the Canada Rental Protection Fund
• About the call for applications
• How to apply
• Upcoming webinars
• Frequently asked questions
• Contact us

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About the Canada Rental Protection Fund

Across the country, existing affordable rental apartment buildings are being lost to redevelopment, rent increases, and conversions faster than new affordable supply is being built. This loss of affordable housing leads to higher rents, a lack of housing options for renters, and tenants being priced out of their communities.

In 2024, as part of Canada’s Housing Plan, the Government of Canada proposed $1.47 billion over five years, starting in 2025-26, to launch the Canada Rental Protection Fund. This commitment was also reiterated in Budget 2024.

The Canada Rental Protection Fund will aim to help the community housing sector acquire rental apartment buildings to preserve affordability of rents over the long term. The Canada Rental Protection Fund will provide $470 million in non-repayable contributions and $1 billion in low-interest loans to one or more community housing sector-led projects that will leverage federal funding to attract other sources of capital, including from the private sector, philanthropic sector and other orders of government, with the aim of creating a revolving source of funds for acquisitions by community housing providers.

About the call for applications

Housing, Infrastructure and Communities Canada (HICC), in collaboration with the Canada Mortgage and Housing Corporation (CMHC), is launching a call for applications to select one or more community housing sector-led projects to advance the Canada Rental Protection Fund objectives.

The successful applicant(s) would leverage the federal funding and attract other sources of capital with the aim of creating a revolving source of funds for acquisitions, supporting the growth and autonomy of the community housing sector.

For full details on the call for applications, please refer to the Applicant Guide.

How to apply

Applications should be submitted to the email address communityhousing-logementcommunautaire@infc.gc.ca by 4:00 p.m. [ET] on May 21, 2025.

Upcoming webinars

Interested applicants are invited to join one of our webinars to learn more about the Canada Rental Protection Fund call for applications. These sessions will provide potential applicants with information on the eligibility criteria, guidance on the process of developing and submitting an application, as well as an opportunity to ask questions.

If you are interested in registering for a webinar, please email us your request at
communityhousing-logementcommunautaire@infc.gc.ca.

Webinars will be delivered in both official languages and take place on the following dates:

English sessions

• March 25, 2025, at 1 p.m. [ET]
• April 1, 2025, at 10 a.m. [ET]

French sessions

• March 27, 2025, at 1 p.m. [ET]
• April 3, 2025, at 10 a.m. [ET]

Frequently asked questions

Overview

• What is the Canada Rental Protection Fund?

  Canada’s Housing Plan and Budget 2024 committed to launch the new Canada Rental Protection Fund, providing $1.47 billion to create a new source of capital to help the community housing sector acquire rental apartment buildings and preserve affordability of rents over the long-term. Budget 2024 indicated that the Canada Rental Protection Fund would help mobilize investments and financing from the charitable sector, private sector, and other orders of government.

• What are the objectives of the Canada Rental Protection Fund?

  The objectives of the Canada Rental Protection Fund are to:

  • Increase the community housing stock through acquisitions;
  • Create a vehicle to leverage investments and enable a revolving source of funding for the community housing sector; and
  • Grow equity in order to support long-term growth of the community housing sector.
• How will the Canada Rental Protection Fund be delivered?

  HICC in collaboration with CMHC, is launching a call for applications to identify and select one or more community housing sector-led projects that would use federal funding to advance the Canada Rental Protection Fund objectives. Once a project(s) is selected, CMHC will negotiate a funding arrangement with the successful applicant(s). Once this funding arrangement has been signed, the successful applicant(s) will then launch their proposed project(s) as per the negotiated funding arrangement(s).

• What is the role of the Government of Canada in the Canada Rental Protection Fund?

  The Government, through HICC, would lead on the launch of the call for applications. Following the launch, a panel composed of federal officials would be involved in the assessment and selection of successful applicant(s) to the call for applications. In addition, CMHC would lead on all activities related to negotiating, executing, and managing the funding arrangement with the successful applicant(s), and ensure that reporting and accountability requirements outlined in this arrangement are met.

  The successful applicant(s) would be responsible for the implementation, operation, and administration of their project(s).

Eligibility

• Who is eligible to apply?

  Eligible applicants include:

  • not-for-profit organizations;
  • for-profit organizations, if they are part of a group application that includes not-for-profit organization(s) representative of the community housing sector.

  
  

  Applicants can be individual organizations, or a group of multiple organizations working together (including as part of a business structure, such as partnerships, joint ventures, and consortia) to combine expertise and resources. All partners in a group application must be legally permitted to operate and carry on business in Canada; and all reside in Canada for income tax purposes.

  Ineligible applicants include:

  • Individual for-profit organizations, unless part of a group application that includes not-for-profit organization(s) representative of the community housing sector
  • Organizations/partners owned by foreign/non-resident of Canada investors
  • Provincial or territorial governments, institutions, agencies and Crown Corporations
  • Municipal governments
  • Individuals

Contact us

Questions regarding this call for applications must be submitted to
communityhousing-logementcommunautaire@infc.gc.ca before 4 p.m. [ET] on April 4, 2025. Based on questions received, additional questions and answers will be posted to the frequently asked questions following this date.