UPDATE Word from a CMHC rep is that this currently is only available for new construction and not conversions (although not clearly stated on the website). Will keep you updated if there are any changes.

Imagine a program that's basically a gentle nudge to homeowners and small developers, saying,

"Hey, why not sprinkle some more rental housing magic?" It offers a lowinterest loan, and the minimum is a cool million bucks!

In this video we discuss the Rental Construction Financing Initiative program offered by CMHC the Canada Mortgage and Housing Corporation.


In this video, we cover:
0:00 Intro
1:48 Eligibility Requirements
3:18 Application Process
4:02 MLI Select
5:39 Other Canadian Loan & Grant Programs
7:32 Outro



Sources:

https://www.cmhcschl.gc.ca/professio...

https://www.cmhcschl.gc.ca/professio...



Check out some other videos right here:

Canada Greener Homes Grant    • $10K Energy Grants $40K Interest Free...  

Mike's Garage Garden Suite Conversion:    • How To Convert A Garage To A Garden S...  

Download Our NEW Garden Suite Guide and a copy of our 8 Point Checklist & Second Suites Beginners Guide.
www.suiteadditionspro.com/gardensuites

Hire Us For Your Project! You can always hire us for a Zoom or inperson consultation for your suite conversion, or hire us to help you with your suite design and permit drawings. (Consultation fees can be credited towards any design and permit package you choose to pursue. So it's a winwin!)
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Want to learn more about our upcoming Max Suite Strategy comprehensive inperson training program? Check it out here at www.SuiteAdditions.com/training

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IMPORTANT* This guide is intended for informational purposes only. DO NOT rely on the information in this guide for any real estate transactions. Since every property is unique, you must perform your own due diligence with the City and with a professional consultant. Suite Additions Inc., and its affiliates are not liable for any loss as a result of information you receive in this guide.

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