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APCHQ — Apartment Construction Loan Program: Seniors Rental Housing
Low-cost financing for building and converting seniors rental housing
Last Update: June 19, 2026
Funding available
$ 1,000,000
Timeline
- Open continuously
Location
Canada
Overview
The Apartment Construction Loan Program: Seniors Rental Housing provides low-cost financing to support the construction of seniors housing and the conversion of non-residential buildings into seniors housing. It offers loans of up to 100% of residential costs and up to 75% of non-residential costs.
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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
- For-profit business
- Non-profit
- Public or Parapublic institution
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.
Documents Needed
- Required Documentation Checklist
- Project Assessment Workbook
- Integrity Declaration
- Energy Efficiency Criteria Attestation
- Accessibility Criteria Attestation
Official resources
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).
Selection criteria
- Projects must meet or exceed the mandatory minimum requirements.
- Projects are prioritized based on overall strength.
- Projects should deliver strong social outcomes.
- Projects must address a need for housing supply in the market.
How to apply
- Step 1: Prepare required documents
- Review the Required Documentation Checklist.
- Complete the Project Assessment Workbook.
- Complete the Integrity Declaration.
- Step 2: Access the CMHC portal
- Sign in or create an account on the CMHC online portal.
- Review the portal guide before starting.
- Step 3: Submit the application
- Upload the completed forms and supporting documents to the portal.
- Submit the complete application through the CMHC portal after confirmation from your CMHC specialist.
- Step 4: Underwriting and decision
- CMHC reviews the application for readiness, eligibility, and completeness.
- If selected, the application receives conditional approval, then moves to CMLS Financial for underwriting.
- Step 5: Complete post-approval steps
- Review and sign the term sheet.
- Accept and return the loan agreement within the required timeframe.
- Begin the first advance once the loan agreement is fully executed.
Processing and Agreement
- Complete applications are reviewed for readiness, eligibility, and completeness.
- Selected applications receive a conditional approval within 30 days.
- After conditional approval, the file is sent to CMLS Financial for underwriting.
- Successful applicants receive a term sheet, then a loan agreement.
- The loan is administered by CMLS Financial, and the mortgage must later be transferred to a CMHC-approved lender.
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
What is the APCHQ — Apartment Construction Loan Program: Seniors Rental Housing?
The Apartment Construction Loan Program: Seniors Rental Housing provides low-cost financing to support the construction of seniors housing and the conversion of non-residential buildings into seniors housing. It offers loans of up to 100% of residential costs and up to 75% of non-residential costs.
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