All funding is currently pending approval until the upcoming budget cycle is approved by City Council and we appreciate your understanding and patience during this process. Budget approval is expected in the first quarter of 2024.
Applying through the Project Stream does not guarantee funding. While we strive to support as many valuable projects as possible, the selection process is rigorous, and funds are allocated based on the project criteria outlined in the Affordable Housing Development Project Stream section of the Housing Secretariat page.
Please note that applications will be prioritized and reviewed on a first-come, first-served basis at the end of each quarter, ensuring a fair and timely evaluation of all submissions. Submissions will need to be received by the following dates to meet these quarterly evaluations:
- The first review of each calendar year will begin in March and submissions will need to be submitted by March 15 each year
- The second review of each calendar year will be scheduled for June and applications will need to be submitted by June 15 each year.
- The third review of each calendar year will be scheduled for September and applications will need to be submitted by September 15 each year.
- The last review of each calendar year will be scheduled for December and applications will need to be submitted by December 1 of each year.
The creation of the Housing Development Project Stream is to organize new affordable housing construction projects on an annual basis to meet the objectives set out in the Housing Sustainability & Investment Roadmap, the Housing and Homelessness Action Plan, and Council Priorities.
The Project Stream will also provide a clearer and more transparent process in our funding allocation decisions, which we believe will satisfy requests for the City to have a more streamlined process so that all potential affordable housing developers have an equal opportunity to pursue available funding.
