This program provides forgivable and low-interest loans to help finance building retrofit measures and activities needed to meet climate goals. It also supplies contributions for pre-retrofit activities needed to plan, prepare and apply for retrofit funding.
- CMHC will fund 100% of eligible retrofit costs, up to $170,000 per unit (low-interest repayable and forgivable loans combined). Forgivable loans will be the lesser of: $85,000 per unit, or 80% of eligible retrofit costs. Low-interest loans will be available to finance the rest.
- For pre-retrofit activities, the maximum contribution is $130,000 per project.
- The project must be primarily residential and have at least 5 units or beds. Single detached dwellings, duplexes and townhouses must be at least 10 years old. Mid- to high-rise, low-rise and multi-plex buildings must be at least 20 years old.
- Applicants must meet a municipal, provincial, territorial, Indigenous government or CMHC program affordability criteria. Applicants can also follow other affordability criteria such as rent-geared-to-income, low-income, moderate-income, established income or rent limits/thresholds.