CHAF provides eligible communityhousing providers with a combination of repayable and forgivable loans to help bridge the gap between what an organization can sustainably finance andthe capital required to acquire and preserve a property.

CRPF funding is generally combined with acommercial mortgage and can be complemented by other sources of investment.

Funding may support both the purchase and eligible capital renewal required to ensure the property remains viable over the long term.

Repayable capital is designed to return to the CRPF over time, allowing it to be reinvested in future acquisitions andextend the impact of the initial public investment.

The CRPF is designed to protect rental housing that is already providing meaningful affordability.

Because rents, incomes and housing markets differ across Canada, CHAF considers affordability in its local context. This includes the rents tenants pay today, local renter incomes, market rents, unit types and the overall affordability that would be protected through an acquisition.

The objective is to preserve existing affordability and prevent displacement while ensuring acquired properties remain financially sustainable.

Properties supported through the CRPF aresubject to a 20-year affordability commitment, legally secured on theproperty where enforceable in the applicable jurisdiction.

The CRPF is focused on the acquisition of existing, occupied multi-unit rental housing where community ownership can protect meaningful affordability.

Funding is available to eligible community housing organizations from the following categories with at least three years of housing experience:

• Community housing providers, including societies, non-profit housing co-operatives and other organizations that are wholly non-profit in structure, operation and purpose;

• Government housing organizations, including housing entities established by provincial, territorial or local governments, but excluding governments themselves;

• Indigenous housing organizations, including entities established to develop, own or operate housing for Indigenous peoples; or

• First Nations, Inuit or Métis governments or governing bodies.

The CRPF does not fund new construction or the acquisition of newly built, unoccupied housing, or individual units.

Properties and organizations must meet CHAF's eligibility requirements and demonstrate the capacity to maintain the protected property and its affordability over the long term.