CMHC is dedicated to advancing housing solutions across Canada, by working with the private, public and non-profit sectors to help develop affordable housing. The services they offer include providing information on housing statistics for researchers and organizations, financial assistance for groups to plan, develop and build affordable housing projects, and mortgage loan insurance for consumers.
Seed Funding for Affordable Housing Projects
Seed Funding offers financial assistance to housing proponents who are in the early stages of developing an affordable housing project. A project proponent interested in developing an affordable housing project for rent or to own may be eligible for a grant of $10,000 to assist with the preliminary planning and research. An additional no-interest loan of $10,000 may be available if the project proceeds.
Click here to go the CMHC Website information page.
Proposal Development Funding
Proposal Development Funding loans help with expenses that may be incurred early in the development process and are intended for affordable housing project proposals. Eligible expenses include environmental site assessments, project drawings and specifications, professional fees, cost estimates, and management plans among others. Projects may be eligible for up to $100,000 in funding.
Click here to go to the CMHC Website information page.
SHC provides funding for a number of ongoing and new housing programs and services for low to moderate-income households, landlords and shelter providers with an identified need. Assistance may be in the form of forgivable or repayable loans or grants. Programs include social and affordable rental housing, home renovations, repairs and energy retrofit programs, home adaptations programs, supports to independent living for seniors, and homeownership options.
Click here to go to the Saskatchewan Housing Corporation Website.