Mortgage loan insurance: supportive housing
Mortgage insurance for supportive rental housing
Record updated
- Funding available
- Varies by project
- Deadline
- Unspecified
- Location
- Canada
Overview
Mortgage loan insurance: supportive housing helps borrowers finance supportive rental housing through mortgage insurance for new construction, purchases, and refinancing. Projects support tenants through on- or off-site services, with construction advances, preferred interest rates, and amortization up to 40 years for existing properties and 50 years for new construction.
At a glance
Funding available
Varies by project
Eligible candidates
- Location
- Canada
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- All groups
- Legal structures
- All legal structures
Receipt of requests is now closed
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Availability timeline
Eligibility
Who is eligible?
- Borrowers providing supportive housing to tenants.
Who is not eligible
Projects subject to a prohibition under the Prohibition on the Purchase of Residential Property by Non-Canadians Act are ineligible.
Activities funded
- Build, purchase, or refinance supportive rental housing.
How to apply
- Fill out a Certificate of Insurance — application form.
- Contact a CMHC Client Relationship Manager.
Documents Needed
Lender-authorized insurance request, equity evidence, appraisal and rent roll, borrower financial and experience records, transaction-specific documents, and a market study where required.
Selection criteria
CMHC assesses loan-to-value and debt-coverage ratios, borrower experience, net worth and required guarantees.
Processing and Agreement
Construction financing requires cost verification, a fixed-price or construction-management arrangement, and CMHC approval of initial and final advances.
Official sources
Program guide
CMHC Supportive HousingApplication form
Request - Certificate of Insurance