Affordable Housing Development

In a real estate market as competitive as Toronto's, the demand for affordable housing solutions has never been higher. A construction company recently took on the challenge of renovating a fixer-upper property, transforming it into 16 modern housing units. Their goal? To provide affordable housing while ensuring the project remained profitable. To bring this vision to life, the company needed financial backing, and that's where Grantuity stepped in to help secure the necessary funding.

Grantuity started by identifying the Canada Mortgage and Housing Corporation (CMHC) Seed Funding program as the ideal funding source for the project. This program offered the perfect fit for the construction company's goals. Grantuity then took the lead in developing a detailed project proposal and feasibility study, ensuring the project met all the necessary criteria to secure the funding.

Thanks to Grantuity's contributions, the construction company successfully secured $500K in Seed Funding from CMHC. This critical funding allowed them to begin renovations on the property, setting the stage for the creation of 16 modern, affordable housing units in Toronto.