Administered by Government of Canada · Last verified: July 2026
Run by CMHC, this is the largest federal investment in new co-op housing in more than 30 years, with $1.5 billion in forgivable and low-interest repayable loans. It funds the creation of new co-op housing through periodic application windows running through 2028. Projects must operate on a not-for-profit basis, including non-profit housing co-ops, community housing organizations, land trusts, and Indigenous housing co-ops. Units created must stay affordable for at least 20 years.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityCo-operative Housing Development Program (CHDP) is generally open to incorporated businesses, in any province or territory, in Construction & Trades. Confirm the full criteria on the official program page before applying.
The estimated value is Forgivable and low-interest loans funding up to 100% of eligible costs. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Watch for the next CMHC application window (at least twice a year through 2028) 2. Confirm the project operates on a not-for-profit basis 3. Prepare project plans, budget, and affordability commitments 4. Apply through the CMHC client portal during an open window
Periodic intake windows through 2028.