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							Building More Sustainable Communities
     Brownfields and CMHC Programs
          Presentation Outline


 Brownfield Research
 Lessons Learned
 Success Factors
 CMHC Programs
 More Information




                Canada Mortgage and Housing Corporation   2
             CANADA MORTGAGE AND HOUSING CORPORATION      2
Brownfields in the News




       Canada Mortgage and Housing Corporation   3
    CANADA MORTGAGE AND HOUSING CORPORATION      3
         Brownfields: The Benefits


   Revitalization of neighbourhoods
   Increased property tax revenues
   Economic Spinoffs - employment
   Capitalizing on existing infrastructure
   Potential for financial incentives
   Saving scarce agricultural land
   Increasing urban density




                   Canada Mortgage and Housing Corporation   4
                CANADA MORTGAGE AND HOUSING CORPORATION      4
    Brownfield Case Studies: Initiatives


Atlantic Risk Based Corrective
 Action (RBCA) Process, Atlantic
 Provinces


Hamilton’s Environmental
 Remediation and Site
Enhancement
 (ERASE) CIP Initiative


                Canada Mortgage and Housing Corporation   5
             CANADA MORTGAGE AND HOUSING CORPORATION      5
    Brownfield Case Studies: Initiatives


Atlantic Risk Based Corrective
 Action (RBCA) Process, Atlantic
 Provinces

  Large number of petroleum-impacted sites
  Standardized and pre-approved methodology
  Ten-fold increase in sites remediated since
   RBCA implemented




                 Canada Mortgage and Housing Corporation   6
              CANADA MORTGAGE AND HOUSING CORPORATION      6
   Brownfield Case Studies: Initiatives


Hamilton’s Environmental
 Remediation and Site Enhancement
 (ERASE) CIP Initiative

  •Redevelopment Grants
  •Environmental Study Grants
  •Municipal Property Acquisition
  Investment
   and Partnership Program (MPAIP)
  •Redevelopment Opportunities
  Marketing
   and Database Program
               Canada Mortgage and Housing Corporation
            CANADA MORTGAGE AND HOUSING CORPORATION
                                                         7
                                                         7
               Lessons Learned


   Liability
   Regulatory sign-off
   Remediation costs
   Availability of financing
   Technical obstacles
   Planning
   Stigma, education and
    awareness, more…



                   Canada Mortgage and Housing Corporation   8
                CANADA MORTGAGE AND HOUSING CORPORATION      8
            Success Factors


1. Financial Incentives
2. Innovative Remediation
   Approaches
3. Municipal Support
4. Effective Stakeholder
   Engagement




                Canada Mortgage and Housing Corporation   9
             CANADA MORTGAGE AND HOUSING CORPORATION      9
              Success Factors


1. Financial Incentives:
 Financial incentives – Tax incentives, grants,
   planning and development fee rebates




                  Canada Mortgage and Housing Corporation   10
               CANADA MORTGAGE AND HOUSING CORPORATION      10
             Success Factors


2. Innovative Remediation Approaches:
 Alternative remediation technologies, risk
  assessment and risk management
 Recycling of on site materials




                 Canada Mortgage and Housing Corporation   11
              CANADA MORTGAGE AND HOUSING CORPORATION      11
              Success Factors


3. Municipal Support
 Pre-zoning
 Municipality as facilitator or partner in
  brownfield redevelopment




                  Canada Mortgage and Housing Corporation   12
               CANADA MORTGAGE AND HOUSING CORPORATION      12
                Success Factors


4. Effective Engagement
 Neighbourhood support through early public
  consultation, creative response to concerns
 Early consultation with municipal staff and politicians
 Open and transparent process




                    Canada Mortgage and Housing Corporation   13
                 CANADA MORTGAGE AND HOUSING CORPORATION      13
             CMHC

Helping Make Financing Available




       Canada Mortgage and Housing Corporation   14
    CANADA MORTGAGE AND HOUSING CORPORATION      14
                Seed Funding
 Offers financial assistance to groups who are in
  the very early stages of developing an affordable
  housing proposal
 Activities must be directly related to the
  development of the proposed housing project
 Up to $10,000 grant and $10,000 interest free
  loan




                 Canada Mortgage and Housing Corporation   15
              CANADA MORTGAGE AND HOUSING CORPORATION      15
       Proposal Development Funds

Activities must be related to bringing proposals
to mortgage financing stage
Repayable interest-free loan to a maximum of
$100,000 to help with up-front costs




                 Canada Mortgage and Housing Corporation   16
              CANADA MORTGAGE AND HOUSING CORPORATION      16
CMHC Mortgage Loan Insurance




          Canada Mortgage and Housing Corporation   17
       CANADA MORTGAGE AND HOUSING CORPORATION      17
Mortgage Loan Insurance Affordable Housing Prog

                         Affordability Criteria

                         1. Project Affordability
                                                    New additions to
                                                     affordable housing
                                                     stock
                                                    At least 5 units
                                                    Modest in size and
                                                     design

                         2. Degree of Flexibility
                                                    Three levels of
                                                     affordability based on
                                                     rent Levels 1,2,3
               Canada Mortgage and Housing Corporation                        18
            CANADA MORTGAGE AND HOUSING CORPORATION                           18
Mortgage Loan Insurance Affordable Housing
Program

              Enhancements

1.   Loan-to-Value ratio
2.   Debt coverage requirement
3.   Amortization period
4.   Rental achievement holdback
5.   Mortgage loan insurance premiums




                   Canada Mortgage and Housing Corporation   19
                CANADA MORTGAGE AND HOUSING CORPORATION      19
Mortgage Loan Insurance Enhancements

1. Increased loan-to-value ratio

                        Market                                 Affordable
Loan-to-Value   May not exceed 85% May not exceed 95% of
ratio           of lending value   lending value or agreed
                                   project cost




                     Canada Mortgage and Housing Corporation                20
                  CANADA MORTGAGE AND HOUSING CORPORATION                   20
Mortgage Loan Insurance Enhancements

2. Increased flexibility in debt coverage ratio
   requirement
                 Market –more than                            Affordable
                     six units
 Debt coverage         1.2 and above                           1.0 to 1.2
 ratio




                    Canada Mortgage and Housing Corporation                 21
                 CANADA MORTGAGE AND HOUSING CORPORATION                    21
Mortgage Loan Insurance Enhancements

3. Extension of amortization period

                         Market                                Affordable
 Extension of   0.25% surcharge for                   Same forty-year extension
 amortization   each five-year period                 allowed with surcharge
 period         beyond 25 years, up to                waived for level 3
                and including 40                      affordability level
                years, not to exceed
                the remaining
                economic life of the
                property




                     Canada Mortgage and Housing Corporation                      22
                  CANADA MORTGAGE AND HOUSING CORPORATION                         22
Mortgage Loan Insurance Enhancements

4. Relaxation of rental achievement holdback

                  Market                Affordable                   Affordable
                                         Level 1                   Level 2 and 3
 Release of        0.25%                                    No surcharge
 rental           surcharg
 achievement          e
 holdback at
 rent-up
 Complete           Not               0.25% surcharge                No surcharge
 waiver of rental available
 achievement
 holdback

                      Canada Mortgage and Housing Corporation                   23
                   CANADA MORTGAGE AND HOUSING CORPORATION                      23
Mortgage Loan Insurance Enhancements

5.   Mortgage Loan Insurance Premiums

                Market                   Affordable             Affordable
                                        Level 1 and 2            Level 3
                 (Base                    (Premium              (Premium
               Premium)                  Discounts)              Waiver)
 Premium       Maximum                Maximum 3.80%                0.0%
    s       4.50% for 85%             for 95% loan-to-
             loan-to-value               value ratio
                  ratio
  * CMHC insurance at 95% loan-to-value ratio is offered on a
 temporary basis until the end of 2009



                      Canada Mortgage and Housing Corporation                24
                   CANADA MORTGAGE AND HOUSING CORPORATION                   24
CMHC Municipal Infrastructure Lending Program




                 Canada Mortgage and Housing Corporation   25
              CANADA MORTGAGE AND HOUSING CORPORATION      25
Canada Mortgage & Housing Corporation’s (CMHC)
Municipal Infrastructure Lending Program




         www.cmhc.ca/housingactionplan
               Canada Mortgage and Housing Corporation     26
                 CANADA MORTGAGE AND HOUSING CORPORATION   26
Canada Mortgage & Housing Corporation’s
(CMHC) Municipal Infrastructure Lending
Program

Background

 Part of the 2009 Federal Budget – Canada’s Economic Action Plan;
 Direct, low-cost loans to municipalities through Canada Mortgage
    and Housing Corporation (CMHC);
   Up to $2 billion over two years (27/1/09 - 31/3/11);
   Re: infrastructure projects serving residential areas;
   Available to towns and cities across the country;
   Can be used to fund municipal contribution for cost-shared federal
    infrastructure programs.
      Note: Stacking of federal contributions rules not applicable.




                       Canada Mortgage and Housing Corporation    27
                    CANADA MORTGAGE AND HOUSING CORPORATION       27
CMHC’s Municipal Infrastructure Lending
Program

Eligible Projects

 Municipal housing-related infrastructure projects serving
    new or existing residential areas.
   New construction, expansion or renewal of existing
    infrastructure.
   Focus on funding shovel-ready projects as this is a
    short-term, temporary measure to create jobs.
   Construction work has started on or after 27/1/09.
   All loans advanced by 31/3/11.
   Construction must be completed by 31/3/12.
   Subject to Canadian Environmental Assessment Act
    (CEAA).          Canada Mortgage and Housing Corporation
                   CANADA MORTGAGE AND HOUSING CORPORATION
                                                               28
                                                               28
CMHC’s Municipal Infrastructure Lending
Program

Eligible Projects (continuation)

 Services such as water, wastewater & solid waste;
 Local transportation within or into residential areas such
  as roads, bridges and tunnels;
 Residential infrastructure such as sidewalks, lighting,
  pathways, landscaping and green space.
 Power generation such as electrical, wind, solar, gas;
 Fire Stations are eligible (considered infrastructure as it
  is needed to protect the housing assets).


                    Canada Mortgage and Housing Corporation   29
                 CANADA MORTGAGE AND HOUSING CORPORATION      29
CMHC’s Municipal Infrastructure Lending
Program

Eligible Costs

 Planning, Designing & Construction costs.
 Example Costs:
    Plans and specifications for the project;
    Land for construction of infrastructure;
    Environmental assessment;
    Remediation or decontamination of land for
     construction of infrastructure;
    Materials used in or located on the site;
    Legal services.
                    Canada Mortgage and Housing Corporation   30
                 CANADA MORTGAGE AND HOUSING CORPORATION      30
CMHC’s Municipal Infrastructure Lending
Program

Terms & Conditions – Loans

 Amount may not exceed 100% of eligible costs.
 Term will be 15 years (case by case flexibility).
 Non-renewable.
 Prepayment not permitted.
 Regular payments of principal and interest must be
  made annually.
 Loan may be secured by a loan agreement or debenture.




                    Canada Mortgage and Housing Corporation   31
                 CANADA MORTGAGE AND HOUSING CORPORATION      31
CMHC’s Municipal Infrastructure Lending
Program

Interest Rate
 Set two weeks prior to loan advance;
 Lower than typical municipal borrowing rates;
 No profit margin built into rate;
 Government of Canada 15 yr rate plus approx. 0.5%;
 Historical 15-yr funding rates posted on CMHC website;
 Updated monthly to add the latest funding rate achieved;
 Recent rates posted: Sept. 1 - 3.98%, Oct. 1 – 3.92%




                   Canada Mortgage and Housing Corporation   32
                CANADA MORTGAGE AND HOUSING CORPORATION      32
Success Story

Welland Mills Centre - Thorold, Ontario




               Canada Mortgage and Housing Corporation   33
            CANADA MORTGAGE AND HOUSING CORPORATION      33
Success Story

     Woollen Mill - Peterborough, Ontario




              Canada Mortgage and Housing Corporation   34
           CANADA MORTGAGE AND HOUSING CORPORATION      34
Success Story

Victoria Place - Cambridge, Ontario




               Canada Mortgage and Housing Corporation   35
            CANADA MORTGAGE AND HOUSING CORPORATION      35
             How to find out more

CMHC website:
www.cmhc.ca

Keywords:
•Brownfield
•Affordable Housing
 Centre




                 Canada Mortgage and Housing Corporation   36
              CANADA MORTGAGE AND HOUSING CORPORATION      36
CMHC’s Municipal Infrastructure Lending
Program

Getting More Information

 Visit CMHC Web site www.cmhc.ca/housingactionplan
 Send an email to milprogram@cmhc.ca
 Call CMHC Call Centre 1-800-668-2642
 CMHC Ontario Corporate Representative:
    Brett Barnes: bbarnes@cmhc.ca




                  Canada Mortgage and Housing Corporation   37
               CANADA MORTGAGE AND HOUSING CORPORATION      37
      THANK YOU




   Canada Mortgage and Housing Corporation   38
CANADA MORTGAGE AND HOUSING CORPORATION      38
       Brownfield Case Studies

Spencer Creek Village,
 Dundas (Hamilton)



Oliver Village, Edmonton



•Brandt's Creek Crossing,
 Kelowna
                Canada Mortgage and Housing Corporation   39
             CANADA MORTGAGE AND HOUSING CORPORATION      39
           Brownfield Case Studies

London Landing, Richmond,
B.C.



The Hamilton Beaches,
Hamilton



Le Cours Chaboillez, Montreal
                  Canada Mortgage and Housing Corporation   40
               CANADA MORTGAGE AND HOUSING CORPORATION      40
       Brownfield Case Studies

Wellington Square, Cambridge




Abe Zakem House,
Charlottetown



               Canada Mortgage and Housing Corporation   41
            CANADA MORTGAGE AND HOUSING CORPORATION      41