Federal + Municipal · Grant Stacking

Stack federal loans, forgivable grants and municipal incentives.

Combines ACLP / MLI Select / AHF / CHDP with the major municipal affordable-housing incentive programs in Toronto, Vancouver, Calgary, Edmonton, Ottawa and Montreal. Shows how much equity you actually need after the stack vs. the conventional 25%.

25

Points-based CMHC insurance to a 95% LTC at Tier 3 (100 pts). Market rate insured financing via approved lender. No forgivable component.

Non-profit / co-op
Required for CHDP and deep AHF contributions.
Income-qualified units
Affordable units rented to income-tested households.

Full exemption of development charges, community benefit charges, parkland fees, and building permits for affordable units (40-year commitment). 15% property tax reduction for 35 years via New Multi-Residential Tax Subclass. Estimated ~$97,264 per affordable unit.

Equity after stacking
$0
vs. $7,500,000 conventional (25%)
Blended cost of capital
4.82%
Weighted by federal loan, forgivable, municipal, equity
Capital stack
Federal loan · MLI Select (95% LTC @ 5.25%)$27,568,400
(capacity: 95% × cost = $28,500,000)
Municipal incentive (Toronto) · $97,264/affordable unit$2,431,600
Sponsor equity required$0
Total project cost$30,000,000

Federal loan capped at the funding gap (project cost − grants) so the stack never exceeds 100% of cost.

Equity requirement: before vs. after
Conventional (25% equity)$7,500,000
After stacking$0

Equity reduction: $7,500,000 (100%)

For-profit borrowers: MLI Select and ACLP are open to for-profits. AHF has a for-profit track with thinner forgivable. CHDP is co-op only.

Stacking rules: CMHC generally allows municipal incentives to stack on top of federal loans. Some AHF / CHDP contributions may limit total public contribution to a percentage of project cost — confirm with CMHC program contacts.