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
CMHC provides financial assistance to support activities that will:
- help facilitate the creation of new affordable housing units
- assist existing housing projects to remain viable and affordable
Seed Funding is available in the form of a non-repayable contribution of up to $50,000. Additional funds may be made available in the form of a fully repayable, interest-free loan of up to $200,000.
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.
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.
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.
Provides greater financing options to borrowers offering retirement housing for seniors.
Provides greater financing choices to borrowers offering standard rental housing accommodations in multi-unit residential buildings.
Provides greater financing choices to borrowers providing single private room accommodations within a multiple tenant building.
Provides financing options to borrowers offering purpose-built student housing both on- and off-campus.
Provides financing options to borrowers providing supportive housing to help tenants stabilize their lives, enhance their independent living skills, and reconnect with their communities.