CMHC Financial Asssitance for Project Development

The Canadian Housing and Mortgage Corporation offers financial assistance for development of affordable housing projects.  Funding is available for proposal development (seed funding) and project development (pdf).  These programs are designed to take you from the start of your project through to the point of starting construction.

Seed Funding Program 

The successful development of housing requires appropriate skills, expertise and commitment. Proponents need to be organized, and must know how to evaluate housing need and demand in their community, and how to obtain the money and other resources to make their proposed housing project a reality. CMHC Seed Funding provides proponents with financial assistance to carry out these initial activities.

Up to $20,000 ($10,000 as a grant/$10,00 as an interest-free loan) is available through the Seed Funding Program.

More information and application form is available here.

Please feel free to contact SHIP and we will help you fill out the Seed Funding application form free of charge.

Proposal Development Funding (PDF) 

Proposal Development Funding (PDF) loans help with the up-front expenses incurred during the process of developing an affordable housing project proposal. A PDF loan enables housing proponents to carry out the activities required to bring their proposal to the point where they can apply for mortgage financing.

Up to a $100,000 (loan) is available, with a portion potentially forgivable is available through the PDF program..

More information and application form is available here.

Please feel free to contact SHIP and we will help you fill out the application form free of charge.

Visit the Canada Mortgage and Housing Corporation: Affordable Housing Centre for more information.