Mortgage Loan Insurance: Supportive Housing
Supportive housing offers a stable place where tenants can learn new life skills, be independent and connect to the community. CMHC mortgage insurance offers flexible tools to help developers build, buy or refinance supportive rental housing.
This includes tools like:
- higher loan-to-value ratios
- loan advances up to 75% of the lending value during construction
- lower debt coverage ratios
- preferred interest rates
- amortization periods up to 40 years