(As of July 2025) The Canada Rental Protection Fund (CRPF) is a new federal initiative designed to safeguard affordable housing across the country. It provides financial support for nonprofit and public organizations to acquire rental buildings at risk of being lost to the private market.
With $1.47 billion in combined grants and loans, the program focuses on preserving low-income housing and strengthening community-based housing models. This post explains who qualifies, how to apply, and what the funding covers.
Canada’s Rental Protection Fund aims to safeguard affordable housing by supporting nonprofits and public entities acquiring at-risk rental buildings in 2025.
What is the Canada Rental Protection Fund (CRPF)?
Launched in 2025 by the federal government, the CRPF is a landmark initiative under Canada’s National Housing Strategy. Its goal is to help eligible organizations purchase affordable rental buildings that are at risk of being sold to for-profit entities or converted to higher-rent housing.
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- ๐ข Protects affordable housing stock from private market conversion
- ๐ค Supports non-profits, Indigenous housing providers, co-operatives
- ๐ฐ Offers both capital grants (up to $470 million) and low-interest loans (up to $1 billion)
This fund is a response to Canadaโs growing housing affordability crisis, particularly in urban centers like Toronto, Vancouver, and Montreal.
Who is eligible for funding?
The CRPF targets mission-driven organizations with proven experience in managing affordable housing. Eligibility includes:
- ๐๏ธ Non-profit housing providers
- Must demonstrate operational capacity and mission alignment
- ๐น Indigenous governments or organizations
- Both urban and rural communities eligible
- ๐ Housing co-operatives
- Focused on long-term rental affordability
Municipal or regional housing corporations are also eligible in partnership with community groups.
๐ก Looking to preserve low-rent housing in your city? Hereโs how to start
If youโre part of a qualified organization, this fund offers a chance to prevent the loss of affordable rental units. Early preparationโincluding project identification, financial modeling, and community supportโcan improve your chances of selection.
Applications are evaluated based on community impact, financial sustainability, and tenant protections.
How does the funding work?
The fund is administered by CMHC (Canada Mortgage and Housing Corporation) and split into two components:
- ๐ธ Up to $470M in **contribution funding** (non-repayable grants)
- ๐ฆ Up to $1B in **low-interest loans** (long-term fixed rates)
Organizations can apply for one or both types of support depending on project scope. Funding is prioritized for buildings with deep affordability (i.e., rent-geared-to-income units).
How to apply for the CRPF in 2025
Applicants must complete a two-stage process:
- ๐ **Pre-screening** through the CMHC Expression of Interest form
- ๐ **Full proposal submission**, including pro forma, tenant protections, governance plan
Visit the official CMHC site to begin the application: housing-infrastructure.canada.ca
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Frequently Asked Questions (FAQ)
๐ก Who can apply for the Rental Protection Fund?
Non-profits, housing co-ops, and Indigenous organizations with experience in managing affordable housing can apply.
๐ก Is the funding a grant or a loan?
The CRPF offers both: non-repayable grants (contribution funding) and low-interest repayable loans. Applicants can request either or both.
๐ก Are private landlords eligible?
No. The fund is limited to non-profit, public, or Indigenous-led organizations focused on community housing.
๐ก Can the funding be used for new construction?
No. The fund supports acquisition and preservation of existing rental stock only.
๐ก When is the deadline to apply?
There is no fixed deadline, but applications are evaluated on a rolling basis. Early submission is recommended.
<a href="https://housing-infrastructure.canada.ca/housing-logement/crpf-fcpl/index-eng.html">
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Government of Canada
</a>
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