CMHC is lender in C$276 credit facility to Peel Housing Corporation under National Housing Co-Investment Fund program
January 11, 2021
Client: Canada Mortgage and Housing Corporation (CMHC)
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.
The funds will allow the region of Peel to create 2,240 affordable rental units and shelter beds on region-owned sites over the next eight years.
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.