Developer Build Loan Program
The Developer Build Loan Program provides low interest loans for short term construction financing to Yukon developers who are:
building modest housing; and
not eligible for financing from traditional lenders.
Offered by Yukon Housing Corporation
Amount
Low interest loans for short term construction financing at 1 per cent below the posted 5-year average interest rate at major banks, fully repayable 2 months after an occupancy permit is issued
Quick eligibility check
Who can apply
You are a Yukon-based developer building in the Yukon who cannot get construction funding from a traditional lender.
Your building meets our modest design criteria and is 25 per cent more efficient than the National Building Code.
Your project is a minimum of 4 units in Whitehorse or 1 unit in communities outside Whitehorse.
Your company has the technical expertise to deliver the project on time and within budget.
About the funding
The Developer Build Loan Program provides low interest loans for short term construction financing to Yukon developers who are:
Construction financing will be fully repayable to Yukon Housing Corporation 2 months after an occupancy permit is issued for the units.
The interest rate will be 1 per cent below the posted 5-year average interest rate at major banks.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Apartment Construction Loan Program: Seniors Rental Housing | Loan | Up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Standard Rental Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Student Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period and a fixed interest rate | Open |
| BDC Commercial real estate loan | Loan | Typically starts at $100,000 and can go up to several million dollars | Open |
