Index-Linked Mortgage (ILM) Program
Program Objective
To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.
To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.
This general outline applies to these deep-subsidy programs, with exceptions noted: Prince Edward Island Non-profit and Pre-86 and Post-85 Urban Native.
To provide modest, affordable housing that meets the needs of low-income families and individuals (under the Urban-Native
Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.