CMHC for Housing Industry Professionals and Community Groups	November 2007

Innovative or Community-based Housing Project Proposal? We can help!

Advice, Guidance and Information

CMHC's team of housing and partnership experts are ready to help you with your housing project.

Mortgage Loan Insurance

CMHC's mortgage insurance makes it easier for housing providers to obtain financial backing from lenders for their affordable housing project.

Make it Affordable

If your non-profit or for-profit housing project has the goal of being affordable then CMHC can also provide the following tools (in addition to the ones above):

More tools and flexibilities for affordable housing projects

Rental — Level 1	Rental — Level 2	Homeowner
To be considered affordable, the rents for the majority of units in your project must be modest in size and design and below the 80th percentile of rents, for units of the same bedroom count in your market. Rent limits will be published annually by CMHC.	To be considered affordable, the rents for the majority of units in your project must be modest in size and design and below the 65th percentile of rents, for units of the same bedroom count , in your market. Rent limits will be published annually by CMHC.	To be considered affordable, a homeowner project must have unit sale prices which are below the average price for similar units in the market.
Proposal Development Funding (PDF) loans up to $100,000 are interest-free loans to facilitate the development of affordable housing. The loans are intended to assist with the costs of developing a housing project proposal to the point of financing. Up to 20% forgiveness	Proposal Development Funding (PDF) loans of up to $100,000 are interest-free loans to facilitate the development of affordable housing. The loans are intended to assist with the costs of developing a housing project proposal to the point of financing. Up to 35% forgiveness	Proposal Development Funding (PDF) loans of up to $100,000 are interest-free loans to facilitate the development of affordable housing. The loans are intended to assist with the costs of developing a housing project proposal to the point of financing . Up to 20% forgiveness
Mortgage Insurance Flexibilities Premium discount Up to 95% LTV DCR as low as 1.10 Release rental achievement holdback at rent up	Mortgage Insurance Flexibilities Premium discount Up to 95% LTV DCR as low as 1.0 Waive rental achievement holdback	Mortgage Insurance Flexibilities More flexible rent-to-own Wider range of equity sources Longer amortizations (without surcharge) Potential for GDS/TDS flexibilities

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