North America Home Finance Inc. Announces that Glenlake Highview Development LP (a related party) Received Approval of a $102 Million CMHC-Certificate of Insurance for Phase 1 Development of the Glenlake Project

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[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - North America Home Finance Inc. (CSE: NAHF) (CSE: NAHF.WT) ("NAHF" or the "Company") a Canadian residential real estate finance and investment company pioneering shared-equity homeownership solutions, today announced that Glenlake Highview Development LP (a related party) received a $102.4 million construction financing Certificate of Insurance for phase 1 of the Glenlake Highview Development project (the "Glenlake Project").","length":524,"tagName":"p"},{"type":"text","content":"The Certificate of Insurance is for a CMHC-insured first mortgage construction loan, previously disclosed in NAHF's prospectus, supporting the development of a large-scale residential housing project in Greater Victoria, British Columbia. The company received the CMHC approval on April 16, 2026, and is awaiting the financing commitment from the lender.","length":358,"tagName":"p"},{"type":"text","content":"The financing structure includes a gross loan amount of approximately $102.4 million, comprised of a $99.5 million net loan amount plus insurance premium and fees, under the CMHC MLI Select program, reflecting both energy efficiency and affordability criteria.","length":260,"tagName":"p"},{"type":"text","content":"NAHF, through the NAHF Real Estate Trust signed an option agreement to purchase a minimum of 40% of the units in phase 1 of the Glenlake Project. The Glenlake Project is being developed by Glenlake Highview Development Limited Partnership.","length":239,"tagName":"p"},{"type":"text","content":"Major Milestone for NAHF's Housing Equity Platform","length":54,"tagName":"p"},{"type":"text","content":"This Certificate of Insurance approval from CMHC is a milestone in the expansion of NAHF's strategy to scale its shared-equity housing model across large multi-family developments.","length":184,"tagName":"p"},{"type":"text","content":"With NAHF's option to acquire a minimum 40% of the units in phase 1 of the Glenlake Project, NAHF can participate directly in long-term asset ownership and value creation.","length":175,"tagName":"p"},{"type":"text","content":"The Glenlake Project is designed to deliver high-quality residential housing while enabling the integration of NAHF's shared-equity programs over time, expanding pathways for reside...

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