Toronto and Ottawa advise CMHC on C$276m credit facility for PHC

Our Toronto and Ottawa offices advised Canada Mortgage and Housing Corporation as the lender in a C$276m repayable and forgivable credit facility to Peel Housing Corporation (PHC) under the National Housing Co-Investment Fund program. This is in association with the Canadian government's C$55bn National Housing Strategy to halve homelessness across the country, the largest program of its kind in Canadian history.

The team was led by Elana Hahn and included Oliver Moore, Karen Galpern, George Yannopoulos, Eric Vice, Coco Chen and Joshua Sprague.