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APCHQ — Apartment Construction Loan Program: Seniors Rental Housing
Low-cost financing for building and converting seniors rental housing
Last Update: March 3, 2026
Funding available
$ 1,000,000
Timeline
- Open continuously
Location
Canada
Overview
The Apartment Construction Loan Program: Seniors Rental Housing offers low-cost loans of up to 100% of residential construction costs (and up to 75% of non-residential space costs) to support building or converting non-residential properties into permanent, self-contained rental housing for seniors. Eligible activities include the construction of new seniors’ rental buildings or the conversion of existing non-residential buildings into sustainable seniors’ housing projects of at least 50 units.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Obtain certifications or accreditations
- Reduce environmental footprint
Eligible Funding
- Minimum amount : 1,000,000 $
- Up to 75% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Real estate and rental and leasing
Location
- Canada
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Non-profit candidates
Sector of operation
- All industries
Target groups
- All the groups
Revenue structures
- All structures
Scope
- All dimensions
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Construction of new seniors’ rental housing buildings with fully self-contained units.
- Conversion of existing non-residential buildings into permanent seniors’ rental housing.
- Development of mixed-use projects where the primary use is seniors’ residential rental housing, with a limited non-residential component.
Eligibility
Who is eligible?
- For-profit developers
- Non-profit developers
- Other orders of government
Eligible expenses
- Up to 100% of eligible costs related to residential spaces in the seniors’ rental housing project.
- Up to 75% of eligible costs related to non-residential spaces within the same building.
- Interest payments during construction, which are financed through the loan until the project reaches 12 months of stable gross income.
Eligible geographic areas
- Businesses located anywhere in Canada, as this is a federal program administered by the Canada Mortgage and Housing Corporation (CMHC).
Additional information
- CMHC mortgage loan insurance is automatically included with the loan; the borrower does not pay the insurance premium but may have to pay applicable provincial sales tax on it.
- At term maturity, borrowers must obtain post-construction mortgage financing from a CMHC-approved lender to take over the insured loan.
- Interest payments during construction are financed by the loan itself until occupancy permit and then paid by the borrower until the project reaches 12 consecutive months of stable gross revenue.
- The program is administered operationally by CMLS Financial as CMHC’s external service provider once conditional approval is issued.
Frequently Asked Questions about the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing Program
Here are answers to the most common questions about the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing?
The Apartment Construction Loan Program: Seniors Rental Housing offers low-cost loans of up to 100% of residential construction costs (and up to 75% of non-residential space costs) to support building or converting non-residential properties into permanent, self-contained rental housing for seniors. Eligible activities include the construction of new seniors’ rental buildings or the conversion of existing non-residential buildings into sustainable seniors’ housing projects of at least 50 units.
How much funding can be received?
APCHQ — Apartment Construction Loan Program: Seniors Rental Housing Funds up to 75% of admissible expenses.
Who is eligible for the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing program?
To be eligible for the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing program, you must:
Eligible borrowers include for-profit and non-profit developers and other levels of government.
The borrower must have the financial and operational capacity to operate the housing without ongoing subsidies.
The project must meet required debt coverage ratio and affordability conditions for at least 10 years.
What expenses are eligible under APCHQ — Apartment Construction Loan Program: Seniors Rental Housing?
Construction of new seniors’ rental housing buildings with fully self-contained units.
Conversion of existing non-residential buildings into permanent seniors’ rental housing.
Development of mixed-use projects where the primary use is seniors’ residential rental housing, with a limited non-residential component.
Who can I contact for more information about the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing?
You can contact Association des professionnels de la construction et de l’habitation du Québec (APCHQ).
Where is the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing available?
The APCHQ — Apartment Construction Loan Program: Seniors Rental Housing program is available across Canada.
Is the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing a grant, loan, or tax credit?
APCHQ — Apartment Construction Loan Program: Seniors Rental Housing is a Loans and Capital investments