Shared Equity Mortgage Providers Fund: Preconstruction Loans – Stream 1

By mmuise
Description:

CMHC’s Shared Equity Mortgage Providers Fund: Preconstruction Loans - Stream 1 provides funding for preconstruction cost loans to commence new housing projects.


Comments on Funding:

Funding is a loan of up to $4,000,000 per project.

Deadline: Currently accepting applications
Eligibility:

Applicants must be:

  • non-profit organizations (public or private);
  • other levels of government (municipal, provincial, territorial);
  • Indigenous governments or organizations;
  • for-profit organizations.
    CMHC may prioritize non-profit and government providers before for-profit organizations.
Application Steps:

Applicants must:

1. contact their Affordable Housing Specialist to discuss if this funding opportunity aligns with their needs; and

2. submit their application for funding through the secure online application portal.

Documentation Needed:

Applicants must submit:
1. the completed application form and supporting documentation as outlined on the application form; and
2. the completed and signed integrity declaration form.

Other Things to Note:

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About the author
mmuise