Le pouvoir du lieu : espaces de vie, vies épanouies
The Issue
No CMHC-insured financing mechanism currently exists for scattered, multiple condominium units owned by a single not-for-profit.
Existing frameworks (Multi-Unit Mortgage Loan Insurance (MLI) and the Rental Construction Financing Initiative (RCFI) focus on purpose-built rental or continuous multi-unit properties, which isn’t inclusive for those with IDD.
Without reform, not-for-profits face administrative burdens, higher costs, and limited scalability in vertical, mixed-use condo developments.
Proposed Solution
A Dedicated CMHC Backed Single Mortage/Multi-Unit Programme
Single CMHC-insured mortgage covering multiple units under one not-for-profit entity, even if units are non-continuous.
Supports “checkerboard” distribution of residents to promote inclusion and prevent clustering.
Aligns with Build Canada Homes’ mandate for large-scale, mission-driven housing projects.
