Canada Rental Protection Fund is sponsored by Housing, Infrastructure and Communities Canada. This fund provides a new source of capital to help the community housing sector acquire rental apartment buildings and preserve affordability of rents over the long-term.

Canada Rental Protection Fund - Call for Applications: Applicant Guide - Winter 2025 Canada Rental Protection Fund Call for Applications: Applicant Guide Canada Rental Protection Fund Capital attraction and management Submitting an application Application deadline and questions Assessment of applications Annex B: Application outline Annex C: Parameters for CRPF funding Annex E: Privacy and third party information notice statement Annex F: Attestation form Annex G – Integrity declaration form Annex H – Frequently asked questions This Guide will help you prepare a complete application in response to the Call for Applications to identify one or more Project(s) to implement the objectives of the Canada Rental Protection Fund ( CRPF ).

It outlines the CRPF objectives, the required information for your applications, and how applications will be assessed. Note: This Call for Applications is not for the selection of individual housing acquisitions. Once the Successful Applicant(s) is selected, they will announce how they plan to support housing acquisitions based on their proposed Project(s).

Housing, Infrastructure and Communities Canada (HICC), in collaboration with the Canada Mortgage and Housing Corporation ( CMHC ), is launching this Call for Applications to select one or more Community Housing sector-led Project(s) to advance the CRPF objectives.

The Successful Applicant(s) will use the CRPF Funding to attract and deploy investments from the private sector and other orders of government, and create a revolving source of funds to help the Community Housing sector acquire existing multi-unit rental buildings.

Providing the CRPF Funding to selected Project(s) will support the long-term vitality of the Community Housing sector by giving it more autonomy in accessing capital and ownership over its growth. This selection process is the first step in implementing the CRPF . Once a Project(s) is selected, CMHC will negotiate a funding arrangement with the Successful Applicant(s).

Once such funding arrangement has been secured, the Successful Applicant(s) will then develop and launch their proposed Project as per the negotiated funding arrangement(s). The application intake period will end at 4pm ET on May 29, 2025 . Canada Rental Protection Fund Canada's Housing Plan and Budget 2024 committed to launch the new CRPF , providing $1.

47 billion to create a new source of capital to help the Community Housing sector acquire housing units and preserve rents at a stable level for the long-term. Budget 2024 indicated that the CRPF would help mobilize funding and financing from the charitable sector, private sector, and other orders of government.

The CRPF is to fund Project(s) that achieve the following objectives: Increase the Community Housing stock through acquisitions; Create a vehicle to leverage investments and enable a revolving source of funding for the Community Housing sector; and Grow equity in order to support long-term growth of the Community Housing sector.

To achieve the above objectives, CMHC will provide $470 million in non-repayable contributions and $1 billion in low-interest loans over five years, starting in 2025-26. Parameters around the use of the CRPF Funding and funding profile are provided in Annex C . In no event will the Successful Applicant(s) be acting as an agent of Canada in receiving or further redistributing CRPF Funding.

The CRPF program is subject to approvals, and the allocation of funds by Parliament. Loan security parameters will be confirmed following the Call for Applications. Accordingly, applications must specify their preferred option for either secured (e.g., by real estate) or unsecured loans from CMHC .

They must also describe how the Project would need to be adjusted to work with the alternative security option (refer to Question 30 in Annex B ). As part of the negotiation process, the Successful Applicant(s) may be requested to adjust commitments in the agreement to meet funding requirements.

Applicants have flexibility when designing their Project and its governance, but must align them with the elements below, and carry on their Project for at least 10 years. Projects may be implemented by one or more organizations working as a group, including as part of a business structure such as partnerships, joint ventures, or consortia.

Applicants must be aware of and comply with any and all federal, provincial and/or municipal legislation, regulations or oversight requirements that will or could be triggered by their planned Project and related activities (e.g., related to lending/ loans, securities legislation).

The Successful Applicant(s) must obtain, prior to the commencement of the Project, and maintain for the duration of the funding arrangement, all permits, licenses, consents, and other authorizations that are necessary to carry out their Project. Capital attraction and management Projects must include a strategy to attract additional funding (i.e., non- CRPF Funding) and manage all funding sources (including CRPF Funding).

This strategy must comply with the following requirements: Sources and types: In addition to the CRPF Funding, projects must have plans to attract other sources of funding, such as from the private sector, the charitable sector, and from other orders of government. This additional funding could be in the form of loans, contributions, and/or grants. Use of capital : Sourced funding must primarily be used to support acquisitions.

However, Projects can propose other uses if it leads to greater results, in particular more acquisitions. Leverage ratio: While there are no minimum requirements on the ratio of additional funding from other sources relative to CRPF Funding, applicants must take into account its costs, terms, and impact on the financial viability of acquisition transactions.

Revolving funds: Projects must recycle and redeploy funding beyond the initial five years of program funding (2025-26 – 2029-30) to support further acquisitions. This means proposed Projects may use the CRPF contributions (in addition to other sources funding) as repayable funding in support of acquisitions, which can then be used towards further acquisitions once repaid.

Recognizing the diversity of local markets and needs of Community Housing Providers, CRPF contributions may also be used as non-repayable funding, as necessary, to allow for the viability of certain transactions, in line with CRPF objectives.

Example of activities designed to support capital attraction and management include: Managing all sources of funding, including pooling of funding, disbursement, and repayments Sourcing other funding (i.e., non- CRPF Funding) Conducting due diligence and entering into agreements with private investors Forecasting funding demand and supply Related financial management activities Projects must support acquisitions by the Community Housing sector and comply with the following requirements: Permitted ultimate recipients : Acquisitions must benefit Community Housing Providers, municipal, provincial, and territorial governments, and/or Indigenous Governing Bodies and Organizations.

Permitted Ultimate Recipients must be selected through a clear, fair, open, and transparent process. Permitted acquisitions: Acquisitions of existing, privately-owned, multi-unit residential buildings not currently owned by the Community Housing sector are permitted. New constructions are not permitted.

Applicants may limit Permitted Acquisitions to properties that are financially viable without the support of ongoing operating agreements or subsidies. Acquisition costs may include repairs. Social and environmental outcomes: Units must be attainable to middle and lower-income people living in Canada, and applicants should consider approaches to preserving affordability of rents.

Applicants are encouraged to propose a plan to maintain and improve accessibility and energy efficiency in acquired buildings.

Examples of activities designed to support acquisitions include: Providing support for Permitted Ultimate Recipients with application development and submission for acquisitions Receiving and evaluating applications, including for pre-approvals and underwriting of acquisitions Attracting potential building sellers Creating tailored capital stacks with various funding sources to cover acquisition costs and repairs Underwriting projects or portfolios of projects with due regard for potential losses Contracting and advancing funds for the purchase and repair of acquired buildings Monitoring funding and loan agreements, and ensuring repayment of loans, including servicing and default management Monitoring and reporting on results Undertaking acquisitions for future transfer of the properties to Permitted Ultimate Recipients Negotiating and signing agreements with Permitted Ultimate Recipients for the unsubsidized operations of acquired buildings Negotiating and signing real estate purchase agreements with Permitted Ultimate Recipients to transfer acquired buildings Supporting with the development of building-level affordability preservation plans Creating partnerships with other levels of government and Indigenous Governing Bodies and Organizations CRPF contributions may be used for costs incurred by the Successful Applicant(s) and considered to be direct and necessary for the implementation of their Project.

A list of eligible and ineligible costs will be included in the funding arrangement between the Successful Applicant(s) and CMHC .

Examples of ineligible costs under the CRPF include, but are not limited to: Costs incurred before execution of the funding agreement Costs to build, acquire or expand physical assets for office and commercial space Cost related to CMHC -insured mortgage loan applications The portion of provincial sales tax, goods and services tax, and harmonized sales tax for which the Successful Applicant(s) is eligible for an input tax credit, or a rebate, and any other costs eligible for rebates or refunds Some operating costs for the Successful Applicant(s) may be considered eligible.

However, applicants must propose strategies to cover or significantly offset those operating costs to the extent possible to maximize the availability of the contribution funding for its principal intended purpose of supporting acquisitions. The Successful Applicant(s) will be required to report on results achieved towards CRPF objectives and the performance management plan included in their application.

Examples of performance metrics could include: Increase in rents of acquired units over time Ratio of additional funding raised to CRPF Funding Dollar amount of contribution funding recycled and redeployed Reporting on arrears and defaults, as applicable Reporting will also include other requirements related to the characteristics of Permitted Ultimate Recipients, acquired buildings, and repair activities where applicable, as well as annual progress update reports and any adjustments to annual business plans.

CMHC will work with the Successful Applicant(s) to establish these accountability and reporting requirements and frequency, which will become part of the funding arrangement. Submitting an application The following section outlines who is eligible to apply and how to do so.

Eligible applicants include: not-for-profit organizations for-profit organizations, if they are part of a group application that includes not-for-profit organization(s) representative of the Community Housing sector Applicants can be individual organizations, or a group of multiple organizations working together (including as part of a business structure, such as partnerships, joint ventures, and consortia) to combine expertise and resources.

For applicants submitting as a group, all participating organizations/entities must be identified in the application. Organizations may only be involved in one application, whether as a single applicant or as a group application. All partners in a group application must be legally permitted to operate, and carry on business, in Canada, and all reside in Canada for income tax purposes.

Ineligible applicants include: Individual for-profit organizations that are not part of a group application that includes not-for-profit organization(s) representative of the Community Housing sector Organizations/partners owned by foreign/non-resident of Canada investors Provincial or territorial governments, institutions, agencies, and Crown Corporations Municipal governments, institutions, agencies, and corporations Application deadline and questions Complete applications must be submitted to the email address communityhousing-logementcommunautaire@infc.

gc. ca by 4pm ET on May 29, 2025. Questions regarding this Call for Applications must be submitted to communityhousing-logementcommunautaire@infc.

gc. ca before 4pm ET on April 4, 2025. Additional answers and questions will be posted to the frequently asked questions section of this guide following this date.

Prepare a detailed application that provides all the information requested in Annex B . Email the completed application and required supporting documentation to: communityhousing-logementcommunautaire@infc. gc.

ca Include “ CRPF Application” at the beginning of the email subject line Attach the following documents: Your application in PDF format answering all questions in Annex B Budget tables in Excel format (see Annex B ) Required supporting documentation (see Annex B ) Completed and signed Attestation Form ( Annex F ) Completed and signed Integrity Declaration Form ( Annex G ) Please keep the size of your application and all supporting documents to 25 megabytes as it may not be delivered to the application mailbox otherwise.

Note that HICC will confirm receipt of your application. The Government of Canada will not be responsible for, nor compensate unsuccessful applicants for the time and money spent on preparing and submitting an application to this CRPF Call for Applications. HICC reserves the right to accept an application at their discretion.

Assessment of applications Step 1 – Screening : After the submission deadline, all applications will be screened for completeness and to confirm that they meet the eligibility criteria outlined above.

Step 2 – Initial scoring : Applications that are determined to meet the eligibility criteria will be assessed and be assigned an initial score according to merit criteria (outlined in Annex D ) by a panel composed of employees of HICC , CMHC , and/or other federal departments, agencies, or crown corporations. The assessment panel may request advice from independent, external subject matter experts to support the assessment.

Step 3 – Interviews : The top three scoring applicants, with a minimum score of 60%, will be invited by the assessment panel for interviews. The interviews will be used by the assessment panel to validate initial scores, and potentially for further evaluation. To ensure Project(s) provide as much national coverage as possible, the assessment panel may invite more applicants for interviews, based on applications received.

Step 4 – Final scoring and selection : Following interviews, the assessment panel will finalize scores and prioritize Project(s) for selection. More than one Successful Applicant(s) may be selected based on the strength of applications received, and to account for considerations such as geographical representation and equitable access to CRPF Funding.

Step 5 – Notification and negotiation : The Successful Applicant(s) will be notified and will enter into a negotiation process with CMHC . All elements of the application of the Successful Applicant(s) may be part of this negotiation process, and changes may be requested to meet funding requirements. HICC and CMHC may request additional information during the assessment process.

All applicants will be notified and be given appropriate time to provide the required information. Final decision on the selection of the Successful Applicant(s) is at the sole and absolute discretion of the Minister of Housing, Infrastructure and Communities.

The final agreement between the Successful Applicant(s) and CMHC is subject to the approval of the Minister of Housing, Infrastructure and Communities, and such approval will be at their sole and absolute discretion. Not all applications submitted under this Call for Applications will be selected for funding. Decisions are final and there is no appeal process.

Following the selection of the Successful Applicant(s), all remaining applicants will be notified of the outcome of the process. The following are key milestone dates in this application process: Launch of CRPF Call for Applications– March 7, 2025 March 25, 2025, at 1 p. m.

[ET] April 1, 2025, at 10 a. m. [ET] March 27, 2025, at 1 p.

m. [ET] April 3, 2025, at 10 a. m.

[ET] Deadline to submit an application – May 29, 2025, at 4 p. m. [ET]) Interviews with top applicants – Mid-Summer 2025 (tentative) Selection of Successful Applicant(s) and negotiations – Early-Fall 2025 (tentative) Community Housing: Either housing that is owned and operated by non-profit housing societies and housing co-operatives, or housing owned by provincial, territorial, or municipal governments.

Community Housing Providers: Non-profit housing societies or housing co-operatives that own and operate Community Housing. CRPF Funding: Funds provided by the Government of Canada, through CMHC , for the implementation of a Successful Applicant(s) Project(s).

Indigenous Governing Bodies and Organizations: Indigenous Governing Body means a council, government, or other entity that is authorized to act on behalf of an Indigenous group, community or people that holds rights recognized and affirmed by section 35 of the Constitution Act, 1982 . "Indigenous peoples of Canada" has the meaning assigned by the definition aboriginal peoples of Canada in subsection 35(2) of the Constitution Act, 1982 .

Including but not limited to: A band council within the meaning of section 2 of the Indian Act A First Nation, Inuit or Métis government or authority established pursuant to a Self-Government Agreement or a Comprehensive Land Claim Agreement between His Majesty the King in right of Canada and an Indigenous people of Canada, that has been approved, given effect and declared valid by federal legislation A First Nation, Inuit or Métis government established by or under legislation whether federal or provincial or territorial that incorporates a governance structure Indigenous Organizations are Indigenous governing bodies or any other entity, including Indigenous housing providers, that represent the interests of an Indigenous group and its members.

Permitted Acquisitions: Properties that are permitted to be acquired through the Successful Applicant(s)'s Project(s), which include existing, privately-owned, multi-unit residential buildings not currently owned by the Community Housing sector.

Permitted Ultimate Recipients: Community Housing Providers, municipal, provincial, and territorial governments, and Indigenous Governing Bodies and Organizations that are the end beneficiary of the Successful Applicant(s)'s Project(s).

Project: An applicant's proposed plan to implement the CRPF objectives, which must include a strategy for capital attraction and management, revolving of funds, and acquisitions, in alignment with the Project Elements set out in this Call for Applications. Successful Applicant: Applicant selected from this Call for Applications to implement their proposed Project.

Annex B: Application outline This annex sets out the information that your application must include for it to be assessed on its eligibility and merit. Applications must address each question outlined in this annex. Questions 1 to 18 must be responded to in a table format.

Questions 19 onwards must be addressed in sequence, with clearly identifiable question numbers and headings as set out in the “Question” column in the tables in this annex. Maximum page lengths are provided in the table below for each part of the application outlined in this annex. Any portion of a response that is in excess of the maximum page limits for each question will not be assessed and scored.

Diagrams, flow charts, tables, and graphs may be utilized in application responses and will count towards the maximum page counts, unless otherwise stated in the table below. Budget tables must be provided as separate tabs in a working Excel document.

Maximum pages for submission Part I: Applicant Information Part II: Proposed Project Part III: Project Implementation Part IV: Project Business Plan and Budget 5 pages + budget tables in Excel format Part V: Professional Experience Part VI: Supporting Documents N/A, submit required documents Group applicants must only submit a single package.

Such applicants should ensure their application package includes the necessary information about group members, where applicable. Applicants may seek external expertise and advice, such as a tax consultant, to develop their application. Part I: Applicant information This section is intended to gather information about the organization or group of organizations submitting an application.

Respond to questions 1 to 18 in table format. 1. Legal name of the organization that is the primary contact for your application 2.

Operating name, if different 3. Organization status: non-profit or for-profit 6. Mailing address, if different 10.

Primary contact position/title 11. Primary contact preferred official language 12. Primary contact phone number 13.

Primary contact email address 14. Secondary contact name 15. Secondary contact position/title 16.

Secondary contact preferred official language 17. Secondary contact phone number 18. Secondary contact email address For questions 19 and onwards, applicants should address each question in sequence, clearly indicating questions and question numbers for each response.

19.

Profile(s) of applicant organization(s) A high-level profile of each organization, including their organization status (e.g., not-for-profit, for-profit) planned role in implementing the Project, as well as biographies of the Board members Identification of the organization(s) that would be receiving the CRPF Funding Overview of mandate and key areas of work for each organization Brief biographies of the core Project team members that would negotiate the arrangement with CMHC , and establish and manage the Project A list of the names of the 10 largest shareholders and their ownership stake for each for-profit organization involved in a group application If you are procuring external services for the implementation of your proposed Project, include a list of vendors, if identified, including a high-level overview of their organization's mandate, outlining if the vendors are related to members of the applicant organization or its Board members, and their proposed role and estimated costs in the implementation of the Project.

20. Geography of current operations Indicate the provinces and territories in which your organization or group of organizations currently operates and is currently legally permitted to operate. 21.

Past work with HICC , CMHC , or others Describe your organization or group members' previous experience working with or receiving funding from CMHC , HICC (formerly Infrastructure Canada), or any other federal government department, agency, or corporation, if applicable. Include the status of your account standing with CMHC , if applicable.

Part II: Proposed project Please describe your Project, addressing the elements outlined in the table below. Be sure to refer to Annex C for the parameters around the use of the CRPF Funding. Your application must clearly describe the use and sourcing of any procured services, if required for the implementation of elements of your Project.

Your response for this part of the application must be no longer than 30 pages total, including any diagrams, flow charts, tables, and graphs. Provide a name for your Project. 23.

Potential launch date Indicate the approximate date by which your Project would be ready to commence intake for acquisitions. 24. Geography of Project and CRPF Funding requested Indicate the provinces and territories in which your proposed Project would be implemented, as well as the CRPF Funding you are requesting for your Project.

Applicants can apply for the full funding amount if their Project has pan-Canadian coverage. If your Project is regional, the requested funding amount should be commensurate with geographic scope and need. 25.

Capital attraction and management strategy Describe your proposed strategy to attract additional funding (i.e., non- CRPF Funding) and manage all funding sources (including CRPF Funding) Your response should provide details on: Planned use of CRPF Funding within the parameters set out in Annex C , including any of your proposed terms and conditions for access to funding Approach to ensuring fair distribution of CRPF Funding across your Project's geographic area.

If implemented in Quebec and/or Alberta, must include how the Project will be delivered in accordance with the Act respecting the Ministère du Conseil exécutif (RLRQ, chapter M-30) and, once into force, the Provincial Priorities Act (SA 2024 chapter P-35.

5), respectively Describe how non- CRPF -Funding will be sourced and selected, including: Types of investors you expect to attract, and anticipated terms (e.g., rate of return, repayment requirements) Estimated amount of funding you plan to leverage from other sources relative to CRPF Funding Planned approach for ensuring repayment of loans (with interest), including the CRPF loans and non- CRPF sources If proposing to use a portion of the CRPF Funding contributions as non-repayable funding, proposed approach such as maximum amount, conditions, and applicable circumstances Plan for ensuring your Project recycles and redeploys funding beyond the initial five years of the program (2025-26 – 2029-30) to support further acquisitions by the Community Housing sector, and what funding sources would recycle (e.g., CRPF contributions, loans from non- CRPF sources) Any tax implications of your strategy and how they will be addressed Alignment with the requirements set out in the Project Elements section in this guide Describe how your proposed Project will support acquisitions of existing rental buildings by the Community Housing sector.

Your response should provide details on: How your proposed strategy achieves and balances the CRPF objectives Alignment with the requirements set out in the Project Elements section in this guide Illustrative capital stack structure for acquisition transactions Approach to supporting repairs (e.g., bring the units to a good state of repair, up to building code requirements, or make them more sustainable from a financial perspective) How you will work with Community Housing Providers to ensure units are attainable to middle and lower-income people and affordability of rents is preserved How accessibility and energy efficiency may be maintained and improved in acquired buildings Approach to intake and assessment of applications from Community Housing Providers, including methodology for assessing and underwriting acquisition opportunities, as applicable How acquired properties will be owned, operated, and transferred (where applicable) Plan for engaging and partnering with Indigenous Governing Bodies and Organizations, provinces, territories, and municipalities; and approach to establishing flexibilities to respect Indigenous governance, needs, and realities What support you will offer Community Housing Providers at the time of acquisition (e.g., organizational capacity, assessing financial viability, building the capital stack) and post-acquisition (e.g., support with refinancing, repairs, default management) Estimate of how many housing units could be acquired annually over a 10-year period, including all relevant assumptions to support the estimate Tax implications of your acquisition strategy (e.g., land transfer taxes), and how they will be addressed Part III: Project implementation and governance Please describe how your proposed Project will be implemented and governed, addressing the elements outlined in the table below.

Your application must clearly describe the use and sourcing of any procured services, if required for the implementation of elements of your Project. Your response for this part of the application must be no longer than 20 pages total, including any diagrams, flow charts, tables, and graphs. 27.

Governance structure and performance management plan Describe the proposed governance structure for your Project, and your plan to measure progress on the performance of your Project.

Your response should provide details on: Description of all parties involved in the implementation of your Project and their relationships Structure, composition, and role of any planned governance bodies (e.g., Board, committees), including how Community Housing Providers and Indigenous Organizations will be represented Decision-making processes (e.g., who will decide which acquisition opportunities to fund, how conflicts of interest will be addressed) Internal financial and operational control systems Annual planning review to track and measure results achieved against business plan, such as those example performance metrics noted in the Project Elements section of this guide 28.

Operating structure and implementation plan Provide a description of the operational structure(s) and implementation plan for your Project.

Your response should provide details on: Planned organizational structure(s), including business lines, for all parties involved in the implementation of your Project Human resources required to deliver your Project, including a description of key roles A detailed staffing plan to fill key roles and address experience gaps, including any externally procured services essential to your Project implementation Plans to deliver services and activities in both official languages Planned activities, dependencies and timeline for implementation, including: establishing your corporation, establishing and delivering your Project for a minimum of 10 years, obtaining all permits, licenses, consents, and other authorizations necessary to carry out your Project 29.

Risk governance and management plan Describe the proposed risk management plan for your Project.

Your response should: Identify and assess inherent risks related to your proposed Project, including the probability of the risk and the impacts if it occurs Indicate how you will respond to those risks (strategies to avoid, control, mitigate, reduce, or transfer risks; what risks are accepted) Indicate the residual risk taking into consideration your mitigation strategies Indicate how those risks and responses will be monitored and periodically reviewed The risk sections at a minimum must include and are not limited to: credit, capital, pricing, liquidity, legal, communications, technology, governance structure, implementation, privacy, know your client (KYC), fraud.

In the event CMHC is unable to provide loans in accordance with your proposed Project delivery model (i.e., unsecured instead of secured loans, and vice versa), describe how your Project may be adjusted, including any impact on the design of your Project, implementation and governance, business plan, and budget.

Note: While you may submit a model with unsecured loans from CMHC , it is not guaranteed that CMHC will provide unsecured loans to the Successful Applicant(s). As part of the negotiation process, the Successful Applicant(s) may be requested to adjust commitments to be made in the agreement based on their proposed alternative loan security model to meet funding requirements.

Part IV: Project business plan and budget Please describe your Project business plan and budget, addressing the elements outlined in the table below. Be sure to refer to Annex C for the parameters around the use of the CRPF Funding. Your application must clearly describe the use and sourcing of any procured services, if required for the implementation of elements of your Project.

Your response for this part of the application must be no longer than 5 written pages, plus budget tables. Budget tables do not count toward the page limit, and must be provided as separate tabs in a working Excel document. 31.

Business plan and budget Provide information on your estimated costs to implement your Project in as much detail as possible. Your business plan and budget details must cover a 10-year period.

Your response should provide: A detailed estimate and explanation of the anticipated costs and sources and uses of funding to implement your Project, including operating costs, any procured services, planned disbursements of funding, and the assumptions behind your costs (e.g., illustrative transaction capital stack, estimated purchase price, starting rents and projected increases, investment volumes, loan terms, loss provisions, and capability to service loans from CMHC inclusive of both the principal and the interest) A projected cash flow estimating the flow of Project funds A plan to cover operating costs (e.g., investing contributions to earn interest while waiting to be deployed for acquisitions, adding basis points to the interest rate on funding distributed) If submitting a different funding profile for receiving CRPF Funding than that set out in Annex C , a rationale for the alternative profile (e.g., greater results) and the impact of not receiving the preferred funding profile.

This proposed funding profile will be considered as part of the assessment of applications but cannot be guaranteed even if your application is successful Description of repayment strategies, including how the budget will account for managing the returns required by different investors (e.g., CMHC and other sources) Part V: Professional experience Demonstrate your experience in the specific areas outlined in the table below.