Application steps
Step 1: Documentation preparation
Review the Required Documentation Checklist (PDF). Ensure you have all the necessary documents to support your application. For assistance, connect with your CMHC specialist to help you understand program and application requirements.
Step 2: Application submission
Submit your completed application to the application portal. You will have to upload all the documents identified in the Required Documentation Checklist (PDF) before the intake window closes at this stage of the process. The intake window will be open for 60 days, from July 15 to September 15, 2024.
PRO TIP
Use the Viability Assessment Workbook (Excel) to determine the maximum low-interest repayable loan and/or forgivable loan amount.
Need help using the workbook? Access our interactive guide for more information. (Coming soon)
Application timeline
Applications will be received through an application intake window process*
First application intake window: July 15 to September 15, 2024
Future application windows: 2025, 2026 and 2027 (to be determined)
*Please note: After 2025, the application intake approach may change to a continuous model, depending on program demand.
Important dates
July 15, 2024: Intake portal opens. Ensure you are prepared to submit required documents at each stage of the process between July 15 and December 2024.
September 15: Intake portal closes
September to October: Prioritization and conditional approvals
October to December: Underwriting assessment and final approvals
January to February 2025: Loan agreements
February and beyond: Funding released
This process takes time. To speed up your application, ensure you are prepared to submit the required documents (PDF) at each stage. Inability to provide the necessary documents on time may delay your application and could result in its withdrawal.
IMPORTANT
To apply to the Co-op Housing Development Program, you must complete pre-development activities. These include cost estimates, an environmental site assessment and a geotechnical report. If you are approved for funding, the costs to complete these pre-development activities may be retroactively funded.
Learn more about Seed Funding if you need financial support in advance to complete these activities.