The Housing Charge Assistance (Subsidy) Program is split into Policy, Procedure, Application, and Reference Guide.
The HCA (Subsidy) Program is designed to help members in challenging financial situations (eg, job loss
Reference Guide: https://assets.cmhc-schl.gc.ca/sites/cmhc/nhs/federal-community-housing-initiative/fchi2-reference-guide-en.pdf?rev=865ff603-fdcc-4e4d-857c-ee7a3ee68fac
CMHC Introduction Page:https://www.cmhc-schl.gc.ca/en/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/federal-community-housing-initiative
Program Overview as per CMHC:
The Federal Community Housing Initiative – Phase 2 (FCHI-2) is a new rental assistance program for community housing providers reaching the end of a federally administered operating agreement. FCHI-2 is neither an extension of an existing agreement nor a continuation of a past program. FCHI-2 is available for the period until March 31, 2028, meaning all agreements under the program will therefore end no later than March 31, 2028. The program targets households with a permanent housing need, either those with an occupancy agreement or a lease agreement lasting a minimum of one year or as otherwise agreed to by CMHC.
The FCHI-2 rental assistance program will provide financial assistance based on the amount needed to fund the difference between the occupancy charge and the rent-geared-to-income for low-income households. The households will not pay more than thirty per cent (30%) of their income for housing accommodation. It targets households with a permanent housing need, either those with an occupancy agreement or a lease agreement lasting a minimum of one year or as otherwise agreed by CMHC. The program includes a secondary component reserved for housing providers having difficulty transitioning to the new program model. A limited amount of financial assistance is available through the Transitional funding stream for more vulnerable housing providers. This component provides financial assistance to cover specific eligible operating expenses and will be offered for the first twenty-four (24) months following the expiration of the agreement under a past eligible CMHC program.