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Find similar grantsApartment Construction Loan Program is sponsored by Canada Mortgage and Housing Corporation (CMHC). Provides financing for the construction of rental apartment projects across Canada.
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Unlock opportunities with the Apartment Construction Loan Program | CMHC Solving housing affordability together Project funding and mortgage financing Apartment Construction Loan Program Protect Yourself from Fraud Have you or your clients received a suspicious message claiming to be from CMHC or one of our programs? Stay vigilant—CMHC will never request your personal banking information or ask for payments through unfamiliar accounts.
Apartment Construction Loan Program Access low-cost loans to build rental apartment projects across Canada. Apartment Construction Loan Program Don’t show this, just save it Apartment Construction Loan Program I thought you might find this interesting. You can include an email signature?
Empty Label accessibility fix The Apartment Construction Loan Program is open for applications! Please review the resources in the Application Resources section before you apply. The Apartment Construction Loan Program provides low-cost funding to eligible borrowers during the riskiest phase of development: construction through to stabilized operations.
The program offers loans ranging from a minimum of $1,000,000 up to 100% of the cost of the residential component of a project. The program focuses on standard rental, seniors housing and student housing projects in Canada where there is a need for additional rental housing supply.
The Enhanced Apartment Construction Loan Program Features: Enhanced eligibility requirements – includes incentive-based approach to energy efficiency and accessibility Financing for standard rental housing projects Financing for independent living seniors housing Financing for student housing projects on and off campus Online Application Portal Before starting your application, please take a moment to download, save, and review our portal guide.
The guide includes information required to create your profile and start the application process successfully. Download the portal guide (PDF) Start your application Have questions? Need further support?
Contact one of our regional CMHC specialists . Choose the Option That’s Right for You Low-cost loans to support the development of rental housing. Targeted financing for projects that offer accommodation and access to services for seniors to live independently.
Designed to support the development of student housing that’s on-campus or close to post secondary educational institutions. CMHC's Frequent Builder framework is designed to accelerate the construction of affordable rental homes by expediting the application process for established housing providers working with CMHC that have a proven track record in delivering projects, making the process easier and faster.
Frequent Builder benefits As an approved Frequent Builder, you could gain advantages that streamline interactions and processes for selected CMHC projects, like these operational benefits: priority assignment of CMHC resources and expedited loan approvals underwriting and advancing flexibilities conditional funding approval provided for future funding years To be eligible, CMHC will assess you on your: financial strength: demonstrated through satisfactory credit assessment by CMHC operational capacity: with no default within last 10 years proven track record in delivering projects For-Profit entities must have conducted a minimum of $50 million* of business with CMHC** and fulfill 3 of the following criteria based on the latest CMHC credit assessment: own more than $1 billion of multi-residential assets have a minimum net worth value of $250 million have a 1.
30 debt coverage ratio within their multi-residential portfolio have more than $500 million of effective outstanding exposure (insurance and lending) with CMHC *If the for-profit entity has not met the criterion of having at least $500 million, but has met the other 3 criteria, they must also have a minimum of $50 million of business with CMHC.
Governmental organizations Provinces, territories, municipalities, Indigenous governing bodies and other levels of government require a minimum level of business of $20 million with CMHC.
** Non-profit organizations, registered charities and co-operative housing organizations For non-profit organizations, registered charities and co-operative housing corporations, CMHC will also consider clients who meet one of these requirements: have a minimum of $50 million of business with CMHC or have a minimum of $20 million of business with CMHC** and manage a large portfolio of rental housing units.
To achieve Frequent Builder status, you are required to undergo a credit assessment and provide CMHC with annual audited financial statements. Government entities are exempt from the credit assessment. For more information about the Frequent Builder framework, contact our Contact Centre or reach out to your CMHC specialist.
**Loans must be linked to one of the following programs: a National Housing Strategy program the Canada Greener Affordable Housing Program the Non-Profit On-Reserve Housing Program (section 95) mortgage loan insurance for multi-unit buildings bilateral agreements signed as part of the National Housing Strategy Please connect with CMHC if you believe your project aligns with one of the following funding set-asides: Funding for apartments above shops Budget 2024 committed to provide at least $100 million in low-cost loans from the Apartment Construction Loan Program to build above existing shops and businesses across the country.
Funding for prefabricated or innovative housing Budget 2024 will also propose earmarking at least $500 million in low-cost financing through the program to build new apartments that use prefabricated or innovative homebuilding techniques. Provincial/Territorial Agreements On January 23, 2025, B. C.
and CMHC signed onto the ACLP-BC Builds Collaboration Agreement . The Apartment Construction Loan Program has options to build or convert non-residential buildings into sustainable rental housing. Contact us to see which option is right for you.
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Based on current listing details, eligibility includes: Non-profit organizations, municipalities, and other eligible entities in Canada. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Low-cost loans Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.