Apartment Construction Loan Program (ACLP)Minimum loan $1,000,000, up to 100% of the cost of the residential component
The Apartment Construction Loan Program provides low-cost repayable financing during the riskiest phase of a rental development, from construction through to stabilized operations.
Written and reviewed by
Chase Miller, Chief Business Development Officer and Co-Founder
Chase Miller is Chief Business Development Officer and Co-Founder of Impact Applications, a Calgary grant consultancy that works with businesses across Canada on federal and provincial grants, tax credits and interest-free loans, and manages the whole process from first assessment through claims and reporting. He runs the first assessment on client engagements, deciding which programs a business should pursue and in what order, and has worked on Canadian government funding since co-founding the firm in 2023. LinkedIn
Program facts checked against the official source:
- average funding secured per client
- $334,132 average funding secured per client
- approval rate
- 94% approval rate
About this program
The Apartment Construction Loan Program provides low-cost repayable financing during the riskiest phase of a rental development, from construction through to stabilized operations. It is a loan, not a grant: the full amount is repaid. CMHC delivers it under the National Housing Strategy with rolling applications.
Who is eligible
Standard rental, seniors housing and student housing construction projects across Canada, funded from construction through to stabilized operations. Energy efficiency and accessibility requirements are incentive-based and affect eligibility.
Verified against the official source
A person checked this program against the administering body's own page on that date. Programs change between checks, so confirm eligibility, amounts and deadlines before you apply. How dates like this are earned: our verification methodology.
Official program page