Plain meaning
A CMHC-administered federal loan program that provides low-cost financing for eligible purpose-built rental apartment projects.
Also called
rental construction loan program
Apartment Construction Loan
ACLP
Key points
- The program supports rental construction through repayable loans rather than ordinary grants.
- Projects generally need to meet program criteria related to rental supply, affordability, energy performance, accessibility, or financial viability.
- Loan financing can affect whether a rental project is able to proceed when market financing is expensive or difficult to obtain.
- ACLP is often discussed with broader housing-supply measures, CMHC programs, municipal approvals, and infrastructure capacity.
- For readers, the key point is that the program changes project financing, not tenant rent directly on its own.
Why it comes up
ACLP announcements can affect rental supply, construction finance, federal credit exposure, and local affordability conditions.