On June 5, the CECRA website was updated to note the following:
Support phone line
A new technical assistance line has been set up: 1-833-610-0515
General enquiries can still be made through: 1-800-668-2642
I have impacted tenants that are currently month-to-month leases — can I apply for them?
Yes. Short term, month-to-month leases are acceptable if:
there was a legally binding lease in place prior to April 1, 2020
the program requirements are met
For example, property owner and impacted tenant have a rent reduction agreement in place. The agreement must adhere to the covenants in the loan agreement implying that the monthly rent agreement must continue.
The covenant states that the property owner shouldn’t serve any default notices or take steps to evict an impacted tenant from the date of the application until the later of:
3 months thereafter; or·
the date on which the impacted tenant is no longer receiving any rent reduction or forgiveness or rent credit under the Rent Reduction Agreement, where the basis for such default notice or eviction is a lease default due to the COVID-19 emergency
Delivery partners:
CMHC has engaged MCAP to deliver CECRA for small businesses. MCAP is working with First Canadian Title (FCT) to help deliver CECRA for small businesses. MCAP or FCT may contact you throughout the applicant validation and funding processes. Representatives will be available to answer questions specific to your application.
MCAP will notify you within 2 weeks of you application decision.
Loan forgiveness timing
The Loan will automatically be forgiven by CMHC and so will not be repayable on December 31, 2020 provided that the property owner has complied with its obligations under the loan agreement, and Rent Reduction Agreement. No formal notification of forgiveness will be provided.