Shared Equity Mortgage Providers Fund

Funder
Canada Mortgage and Housing Corporation (CMHC)
Type
Loan
Region
Canada
Minimum Amount
CA$4,000,000.00
Maximum Amount
CA$5,000,000.00

The Shared Equity Mortgage Providers (SEMP) Fund helps eligible Canadians achieve affordable home ownership.

This $100-million lending fund supports existing shared equity mortgage providers. The Fund will also encourage additional housing supply and help attract new providers of shared equity mortgages.

The program offers eligible proponents repayable loans from one of two possible funding streams:

Preconstruction Loans - Stream 1

Funding for preconstruction cost loans to commence new housing projects.

Shared Equity Mortgages (SEM) - Stream 2

Loans to SEMPs to fund shared equity mortgages that they provide directly to first-time homebuyers.

 

Eligibility

PRECONSTRUCTION LOANS STREAM 1

Who can apply:

 

  • 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)

SHARED EQUITY MORTGAGES (SEM) STREAM 2

Who can apply:

  • 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)

Contact Details
Email
contactcentre@cmhc.ca
Phone
1-800-668-2642
Additional Info

*Business hours from 8:00 a.m. to 7:00 p.m. (ET)

Contact Details
Form
https://asse...
Application Details

APPLICATION PROCESS AND TIMELINES

CMHC will assess each application on its own merit, and in consideration of available funding. Applications will be assessed at the end of each monthly intake window, followed by underwriting and execution of agreements for successful applicants before funding can be advanced.

APPLY

Please carefully review and respond to all questions in the application form and ensure that you submit all supporting documentation. CMHC cannot process or consider your application if incomplete. To assist you, here is a checklist:

  1. Complete the application form (PDF)
  2. Submit requested supporting documentation as outlined on the application form
  3. Complete and sign the integrity declaration (PDF)
  4. Register and upload all documents through the secure online application portal.