Canada Greener Affordable Housing program provides forgivable and low-interest repayable loans for deep energy retrofits of existing multi-unit affordable housing buildings. The program helps Canada reach its net-zero emissions goal by 2050 by supporting projects that significantly reduce energy consumption and greenhouse gas emissions.

Deep energy retrofits target:

• 70% reduction in energy consumption relative to pre-retrofit performance
• 80% reduction in greenhouse gas (GHG) emissions relative to pre-retrofit performance

Eligible Property Types

• Mixed-income rental or mixed-use with affordable rental housing
• Community housing
• Affordable rental housing
• Indigenous community housing and cultural spaces
• Shelters, transitional and supportive housing
• Single-room occupancy

* The non-residential component of the property cannot exceed 30% of total gross floor space.

Eligible Housing Requirements

Properties must:

• Be primarily residential
• Include at least 5 units or beds
• Be a minimum of 20 years old (flexibility on building age may apply to Indigenous, Northern, or remote organizations)

Project Requirements

• Must meet affordability criteria defined by municipal, provincial, territorial, Indigenous, or CMHC programs
• Must demonstrate financial viability (minimum debt coverage ratio: 1.00 for residential loans; 1.40 for non-residential loans)
• Security required (first, second, or pari passu mortgage; additional security options for on-reserve projects)