Toronto advised CMHC on the largest federal housing investment with a municipal partner in Canadian history

February 12, 2020

Client: Canada Mortgage and Housing Corporation (CMHC)

Our Toronto office advised Canada Mortgage and Housing Corporation (CMHC) as lender in the negotiation and closing of a C$1.3bn credit facility to Toronto Community Housing Corporation (TCHC). The credit facility, which is guaranteed by the City of Toronto, will support the repair of over 58,000 affordable housing units in Toronto, and represents the largest ever federal housing investment with a municipal partner in Canadian history. 

Read full press release here.