Mortgage loan insurance: supportive housing

Our flexibilities are available for first, second and pari passu mortgages on any eligible supportive housing. To be eligible, your project must: 

• have at least 5 units
• offer your tenants access to support services on- or off-site
• be at least 70% residential in terms of both floor area and the total loan value
• have a maximum loan-to-value ratio of 85% 

In addition, the borrower or co-borrower must have:

• at least 5 years' experience owning or operating a similar facility, or
• a long-term contract with a property management firm with this record of experience

You must also have a net worth of at least 25% of the value of the loan. Plus, you must be able to guarantee 100% of the loan until you have 12 consecutive months of stable rents. 

If your project qualifies as affordable housing, you could be eligible for additional flexibilities. 

Find out more about our Mortgage Insurance Options for Affordable Housing. 

Energy-efficient projects can qualify for a 10-15% refund on their loan insurance premiums. 

Learn more with our Energy-Efficient Properties Guide. (PDF)

For more details about our mortgage insurance tools, including:

• types of housing
• eligibility requirements
• application fees and premiums
• required documents
• replacement of covenant
• Multi-unit insurance servicing
• Report of loans in arrears for multi-unit properties
• and funding opportunities

You can:

• download our Reference Guide to Mortgage Loan Insurance for Multi-Unit Residential Properties (PDF)
• fill out a Certificate of Insurance — application form (PDF) **Important: To use this interactive PDF, right click (Ctrl + click on Mac) the link to save the file, and then open it in Adobe Acrobat.
• contact one of our Client Relationship Managers