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.
- average funding secured per client
- $334,132
- approval rate
- 94%
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