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Co-Investment Fund

Part of the National Housing Strategy, the Co-investment Fund has two streams: one for new construction and another focused on renovations.

CMHC sets significant eligibility criteria to access this competitive program, focused on low-interest loans and (to a lesser extent) grants.

There are criteria like energy efficiency, affordability, and accessibility. Many co-ops will find the criteria very difficult (or even impossible) to achieve for renovation projects. Beyond that, there are evaluations based on how well other priorities are met. Leasehold co-ops with fewer than 20 years remaining on their leases will not be able to apply, but others may find the possibility of loans at lower interest rates than private lenders can offer — and grants — attractive options.

Learn more here:—housing-repair-and-renewal-stream