Open
Apartment Construction Loan Program: Standard Rental Housing
Low-cost financing for constructing or converting standard rental housing
Last Update: March 3, 2026
Funding available
Up to 100% of project cost
Timeline
- Open continuously
Location
Canada
Overview
The Apartment Construction Loan Program: Standard Rental Housing provides low-cost, CMHC-insured financing of up to 100% of residential loan-to-cost (and up to 75% for non-residential space) with amortization periods of up to 50 years to support viable, long-term rental projects. It is intended for for-profit and non-profit developers and governments to construct new standard rental housing or convert non-residential buildings into sustainable rental units.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
Eligible Funding
- Up to 100% 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 standard rental apartment buildings.
- Conversion of existing non-residential buildings into standard rental housing.
- Development of sustainable rental housing projects that provide long-term rental units.
Eligibility
Who is eligible?
- For-profit real estate developers
- Non-profit housing developers
- Other levels of government (e.g., municipal, provincial, territorial)
Eligible geographic areas
- Businesses located anywhere in Canada, as this program is administered by the Canada Mortgage and Housing Corporation (CMHC), a federal Crown corporation.
Additional information
- CMHC mortgage loan insurance is automatically integrated into the loan; the borrower is only responsible for paying provincial sales tax (PST) on the premium, where applicable.
- Interest-only payments are financed by the loan during construction and then paid by the borrower from the issuance of the occupancy permit until 12 consecutive months of stabilized effective gross income.
- After stabilization is reached, the borrower is responsible for principal and interest payments from stabilization until the end of the loan term.
- At the end of the term, borrowers must transfer the CMHC-insured mortgage to a CMHC-approved lender (take-out financing).
Frequently Asked Questions about the Apartment Construction Loan Program: Standard Rental Housing Program
Here are answers to the most common questions about the Apartment Construction Loan Program: Standard 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 Apartment Construction Loan Program: Standard Rental Housing?
The Apartment Construction Loan Program: Standard Rental Housing provides low-cost, CMHC-insured financing of up to 100% of residential loan-to-cost (and up to 75% for non-residential space) with amortization periods of up to 50 years to support viable, long-term rental projects. It is intended for for-profit and non-profit developers and governments to construct new standard rental housing or convert non-residential buildings into sustainable rental units.
How much funding can be received?
Apartment Construction Loan Program: Standard Rental Housing Funds up to 100% of admissible expenses.
Who is eligible for the Apartment Construction Loan Program: Standard Rental Housing program?
To be eligible for the Apartment Construction Loan Program: Standard Rental Housing program, you must:
Borrower must be a for-profit developer, non-profit developer or other level of government.
Must demonstrate financial and operational capacity to carry the project without ongoing subsidies.
Project must have at least 5 rental units and a minimum loan size of $1 million.
What expenses are eligible under Apartment Construction Loan Program: Standard Rental Housing?
Construction of new standard rental apartment buildings.
Conversion of existing non-residential buildings into standard rental housing.
Development of sustainable rental housing projects that provide long-term rental units.
Who can I contact for more information about the Apartment Construction Loan Program: Standard Rental Housing?
You can contact Association des professionnels de la construction et de l’habitation du Québec (APCHQ).
Where is the Apartment Construction Loan Program: Standard Rental Housing available?
The Apartment Construction Loan Program: Standard Rental Housing program is available across Canada.
Is the Apartment Construction Loan Program: Standard Rental Housing a grant, loan, or tax credit?
Apartment Construction Loan Program: Standard Rental Housing is a Loans and Capital investments