Revised Notional Allocations under SHRRP

The Canada-Ontario Affordable Housing Agreement requires that 50% of total Social Housing Renovation and Retrofit Program (SHRRP)  funding ($704M) be used in each of the two years of the program and also requires any unused funds be returned at the end of each year.

Initially, $70 million in SHRRP funding was set aside for use under the Renewable Energy Initiative (REI) in Year 1 of the SHRRP program and remaining funds were notionally allocated to Service Managers (SMs) for Year 1.

However, the Renewable Energy Initiative (REI) program will not roll-out in Year 1 and as a result, the Ministry has revised notional allocations under SHRRP.  The requirement to return unused portions of SHRRP monies essentially means that SHRRP funding is "use it or lose it" funding, and thus changes to the notional allocations were necessary to ensure all available funding is utilized.

The Ministry has prepared a question and answer document for Service Managers regarding this change.  Click here to view.

What Does this Mean for Providers?

While the total amount of funding available to your Service Manager under SHRRP will not change as a result of this readjustment in the notional allocations, this may mean that the timing of some provider's projects will need to be revised to reflect increased funding in year 1.  Your Service Managers will also be required to revise their Take Up Plans (TUPs) and report to MMAH.

Housing providers who have received SHRRP funding should be prepared to provide information to their Service Managers regarding their Year 1 work plans and may be required to revise their work plans for year 1 and proceed with pending projects in year 1 rather than year 2 to reflect increased funding.  Contact your Service Manager for more information.