National Housing Strategy

Apartment Construction Loan Program

Access low-cost loans to build rental apartment projects across Canada.

IMPORTANT

The Apartment Construction Loan Program is open for applications!

Please review the resources in the Application Resources section before you apply.

The Apartment Construction Loan Program provides low-cost funding to eligible borrowers during the riskiest phase of development: construction through to stabilized operations.

The program offers loans ranging from a minimum of $1,000,000 up to 100% of the cost of the residential component of a project.

The program focuses on standard rental, seniors housing and student housing projects in Canada where there is a need for additional rental housing supply.

The Enhanced Apartment Construction Loan Program Features:

  • Enhanced eligibility requirements – includes incentive-based approach to energy efficiency and accessibility
  • Financing for standard rental housing projects
  • Financing for independent living seniors housing
  • Financing for student housing projects on and off campus

Choose the Option That’s Right for You

Low-cost loans to support the development of rental housing.

Targeted financing for projects that offer accommodation and access to services for seniors to live independently.

Designed to support the development of student housing that’s on-campus or close to post secondary educational institutions.

The Apartment Construction Loan Program has options to build or convert non-residential buildings into sustainable rental housing. Contact us to see which option is right for you.

Let us keep you up to date

Sign up for notifications about the Apartment Construction Loan Program.