Canada Mortgage and Housing Corporation (CMHC) – Shared Equity Mortgage Providers Fund: Shared Equity Mortgages – Stream 2

ByMaurice

Description:

CMHC’s Shared Equity Mortgage Providers Fund: Shared Equity Mortgages (SEM) – Stream 2 provides loans to fund shared equity mortgages that they provide directly to first-time homebuyers.

Comments on Funding:

Funding is a loan of up to $5,000,000.

Eligibility:

Applicants must be:

  • non-profit organizations (public or private);
  • other levels of government (municipal, provincial, territorial);
  • Indigenous governments or organizations;
  • for-profit organizations.

CMHC may prioritize non-profit and government providers before for-profit organizations.

Applications Steps:

Applicants must:

Documentation Needed:

Applicants must submit:

  1. the completed application form and supporting documentation as outlined on the application form; and
  2. the completed and signed integrity declaration form.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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