This program provides assistance to convert non-residential properties into affordable self-contained rental housing units or bed-units.
Type of agency:
Federal government
Eligibility
In order to be eligible for this program you must own and be converting non-residential properties to create affordable rental accommodation for low-income households. These clients include:
- private entrepreneurs
- In order to be eligible for this program you must own and be converting non-residential properties to create affordable rental accommodation for low-income households. These clients include:
- private entrepreneurs
- non-profit corporations
- Aboriginal Peoples
Eligible properties must be:
- environmentally safe
- feasibly converted to residential accommodation
- viable based on agreed post-conversion rents
The assistance is a fully forgivable loan, which does not have to be repaid provided the owner meets certain conditions. The maximum loan available varies with the type of units being created, and area of the country, as follows:
| AAA |
BBB |
CCC |
AAA |
BBB |
CCC |
AAA |
BBB |
CCC |
AAA |
BBB |
CCC |
Application procedure
For information on how to apply please contact the British Columbia CMHC Office:
Line Gullison, Manager
BC Aboriginal Housing Centre
1111 West Georgia, Suite 200, 2nd floor
Vancouver, British Columbia
V6E 4S4
Phone number: 604-737-4035
Fax number: 604-737-4125
Email: lgulliso@cmhc-schl.gc.ca
Contact information
Telephone:
1-800-668-2642