Financing (a combination of a grant and a loan) for up to 20% of total eligible project costs 

Up to a maximum combined financing of $10 million

50% grant and 50% loan*

*Northern providers are eligible for a 60% grant. Please see application guide for details. 

Who can apply
  • Canadian municipal governments (e.g., towns, cities, regions, districts and local boards thereof)
  • Municipally owned corporations, such as municipal housing service providers; or
  • Non-profit, mission-driven affordable housing providers, including cooperatives.
Deadline to apply

Applications are accepted year-round, though this offer will close when the annual funding has been allocated.

We provide grants and loans to support the construction of a new affordable housing project to a higher environmental performance standard.

This funding supports measures to install physical infrastructure, to create new housing units that are designed to achieve net-zero-ready building energy performance. Projects working toward NZER/NZE can reach this target through a range of methods and building performance standards. These include, but are not limited to, Passive House©, LEED® Platinum, or Canada Green Building Council’s Zero Carbon Building. GMF does not require certification through any of these programs.

Eligibility requirements

To be eligible for funding, new construction projects are required to meet NZE/NZER standards. Specifically, buildings in most regions must target a net annual total energy use intensity (TEUI) of less than 80 kWh/m2 at project completion. Northern applicants may target a net annual TEUI of up to 120 kWh/m2. See application guide for more details.

Time to complete projects

Projects are typically expected to be completed within three years of FCM approval.


Funding is stackable with CMHC’s Co-Investment Fund and other initiatives of the National Housing Strategy, as well as programs available through the provinces or territories.

We reserve the right to make changes to eligibility criteria and the types of projects funded through this offer.

How to Apply
  1. Download and review our application guide. 
  2. Ensure you have all supporting documentation required, including a detailed project budget in place. Refer to the application guide for a complete list (Appendix B).
  3. Complete and submit the initial proposal form and project summary sheet.
  4. Receive eligibility confirmation and full application form from GMF within three weeks.
  5. Complete and submit the full application and project workbook.

Quebec municipalities

FCM has an agreement with Quebec's Ministère des Affaires municipales et de l’Habitation (MAMH) that allows the ministry to review applications to GMF before they are submitted to FCM. Quebec municipalities and municipally-owned corporations interested in applying should contact GMF.

Municipally-owned corporations are not included in the agreement with MAMH. They must obtain authorization from the Quebec government to secure an agreement with FCM, in accordance with the Ministère du Conseil exécutif. Private non-profit organizations can submit to GMF directly.

© 2021 Federation of Canadian Municipalities