Evaluation of the Rental Construction Financing Initiative (RCFi) : final report.: NH21-34/2021E-PDF
"RCFi provides low-cost loans during the riskiest phase of development (construction through to stabilized operations) in order to facilitate the construction of purpose-built rental housing and increase the rental housing supply. Loans are funded by CMHC for a 10-year term with a fixed interest rate, after which they are transitioned to a private sector financial institution. There are several attractive features of the loan including low equity requirements; the possibility to amortize the loan up to 50 years; and the provision of CMHC mortgage loan insurance at no cost to the borrower"--Program description, page 5.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.936575&sl=0
| Department/Agency | Canada Mortgage and Housing Corporation, issuing body. |
|---|---|
| Title | Evaluation of the Rental Construction Financing Initiative (RCFi) : final report. |
| Publication type | Monograph |
| Language | [English] |
| Other language editions | [French] |
| Format | Electronic |
| Electronic document |
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| Note(s) | Issued also in French under title: Évaluation de l'initiative Financement de la construction de logements locatifs (iFCLL) : rapport final. Cover title. "National housing strategy"--Cover. Includes bibliographical references (pages 55-[57]). |
| Publishing information | [Ottawa] : CMHC = SCHL, March 2021. |
| Description | 1 online resource (56, 1 unnumbered page, A4 pages) : colour illustrations + management response and action plan (3 pages) |
| Catalogue number |
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| Subject terms | Construction industry -- Subsidies -- Canada -- Evaluation. Housing development -- Canada -- Finance -- Evaluation. Rental housing -- Canada -- Finance -- Evaluation. Government lending -- Canada -- Evaluation. |