Other funding and financing opportunities

Seed Funding

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.

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.

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.