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/or non-repayable contributions. There are two funding streams: one for new construction/conversions, and one to preserve existing community housing projects. To learn more about preserving your housing project, please visit Preservation Funding for Community Housing.
Preservation Funding for Community Housing
Preservation Funding helps existing community housing providers remain viable and prepare for future funding opportunities by providing financial assistance to support the cost of completing preservation activities.
Shared Equity Mortgage Providers Fund
The Shared Equity Mortgage Providers Fund is a $100-million lending fund intended to support existing shared equity mortgage providers, encourage additional housing supply and attract new providers of shared equity mortgages. The program offers repayable loans from two possible funding streams. Stream one offers funding for eligible preconstruction costs to commence new housing projects in which shared equity mortgages will be provided to first-time homebuyers. Stream two offers funding for shared equity mortgages that will be provided by the proponent directly to first-time homebuyers.
Mortgage Loan Insurance Products
As Canada's only provider of mortgage loan insurance for multi-unit
residential properties, CMHC provides access to preferred interest rates
lowering borrowing costs for the construction, purchase and refinance of
multi-unit residential properties and facilitates renewals throughout the life
of the mortgage. Additional incentives are available to support affordable
rental housing projects.
MLI Select
MLI Select uses a point system to offer insurance incentives based on
affordability, energy efficiency, and accessibility. Incentives are
available for new construction and purchase or refinance.
Provides financing options to borrowers providing supportive housing to
help tenants stabilize their lives, enhance their independent living
skills, and reconnect with their communities.
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