Affordable Housing Fund: New Construction – Community Housing Sub-Stream

Applicants must submit:

1. Integrity Declaration
2. Corporate Documents:
a. Articles of incorporation including all supporting
documentation, such as, but not limited to – a business
name registration, articles of organization, constitutional
documents, etc.
b. Letters, Patent, Bylaws, and any applicable operating
and shareholders’ agreements.
c. Detailed information about the entity’s ownership
structure, including any related entities.
d. Organizational chart.
e. The name and relationship of all registered and
beneficial owners of the property (not applicable
if the property is in Quebec).

2. Financial Statements
a. Audited financial statements for the most recent three
years for the proponent(s) and for each guarantor(s)
if applicable. Review Engagement or alternative options
may be accepted at CMHC’s sole discretion.
b. For new entities, alternative options may be considered
at CMHC’s sole discretion.

3. Development Experience
a. The applicant, and/or their contracted builder or
developer must provide resume(s) demonstrating
their experience in construction, including: a list of
completed and current projects of similar size and
scope as the subject building, property address, type
of property, number of levels, number of units, overall
project budget, year completed.
b. List of all new construction and renovation projects
currently underway, regardless of whether financed
and/or insured by CMHC.

4. Property Management Experience
a. The applicant must provide resume(s) outlining the
experience of the entity and individuals managing
the property, including the property address, type of
property, tenant profile, number of levels, number
of units and number of years of management
experience.
b. If the management of the property will be
contracted out, the proponent must provide
resume(s) of the contracted property manager
outlining their related experience in managing
properties of similar size