CMHC offers a broad range of funding and financing opportunities to move your project forward. Check out the following if the National Housing Strategy initiatives are outside the scope of your project.

Other CMHC Funding Opportunities

Seed Funding
The Seed Funding program supports affordable housing through interest-free loans and non-repayable contributions. There are two funding streams: one for new construction/conversions, and one to preserve existing community housing projects.

Preservation Funding for Community Housing
Preservation Funding helps community housing providers prepare for modernization and transition to more viable and sustainable models. It also gives community housing providers time to prepare for a new rental support program. (This will be developed under Phase II of the Federal Community Housing Initiative in April 2020.)

Investments in Affordable Housing
Through CMHC, the Government of Canada works with its provincial and territorial partners to provide and improve access to affordable housing. The federal government has committed to an investment of more than $1.9 billion through the IAH over 8 years. Provinces and territories are cost-matching the federal investment.

Prepayment
The federal government is providing $150 million to allow non-profit and co-op housing providers to prepay their mortgages held with CMHC without penalty. This eliminates the high cost of prepayment. Waiving these penalties allows housing providers to access private market loans at current interest rates. This lowers mortgage expenses and keeps rents affordable.

Mortgage Loan Insurance Products

CMHC is the only provider of mortgage loan insurance for multi-unit residential properties in Canada. We provide access to preferred interest rates lowering borrowing costs for the construction, purchase and refinance of multi-unit residential properties. Additionally, we facilitate renewals throughout the life of the mortgage.

Affordable Housing
Offers flexibilities to encourage the construction, preservation and improvement of affordable rental properties, helping Canadians meet their rental housing needs. The flexibilities include higher loan-to-value ratios, lower debt coverage ratios, and reduced premiums.

Retirement Housing
Provides greater financing options to borrowers offering retirement housing for seniors.

Standard Housing
Provides greater financing choices to borrowers offering standard rental housing accommodations in multi-unit residential buildings.

Single Room Occupancy
Provides greater financing choices to borrowers providing single private room accommodations within a multiple tenant building.

Student Housing
Provides financing options to borrowers offering purpose-built student housing both on- and off-campus.

Supportive Housing
Provides financing options to borrowers providing supportive housing to help tenants stabilize their lives, enhance their independent living skills, and reconnect with their communities.

Date Published: May 2, 2018