Construction Funding Subsidy for Long-Term Care Homes Per Diem

Funding provided under this Construction Funding Subsidy Policy for Long-Term Care Homes is intended to help support the costs of developing a new long-term care (LTC) home or beds, or redeveloping an existing LTC home or beds, where the Ministry of Health and Long-Term Care ( the ministry) has approved the development and/or redevelopment.

• The CFS Per Diem shall first be used by the Operator to support the agreed scheduled repayment of any loans or other financing arrangements entered into by the Operator to pay for the construction of the Beds under the Development Agreement. If the Operator has fully paid any current amounts owing in respect of such repayments at a given time, the Operator may use the remaining amounts of CFS Per Diem that have been received up to that time for other purposes.
• In 2019, the Construction Funding Subsidy Policy for Long-Term Care Homes, 2015 was updated to increase the base Per Diem funding from $16.65 to $18.03.

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