Shared Equity Mortgage Providers Fund: Shared Equity Mortgages (SEM) – Stream 2

By mmuise
Description:

CMHC’s Shared Equity Mortgage Providers Fund: Shared Equity Mortgages (SEM) - Stream 2 provides loans to fund shared equity mortgages that they provide directly to first-time homebuyers.


Comments on Funding:

Funding is a loan of up to $5,000,000.

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