Type
Grant
Topic
Planning & Building
We’re Creating a Housing CIP
The Affordable Housing Development Grant Program is on hold until:
- A new Community Improvement Plan is developed under the new Affordable Housing Strategy
- The Development Services and Finance Departments have had an opportunity to investigate the financial implications associated with the passing of the More Homes Built Faster Act, 2022 (Bill 23), as it relates to Development Charge (DC) exemptions and reductions for affordable, attainable, rental, and non-profit housing, as defined by the Act.
Eligibility requirements and application information has been removed from this page until further notice.
The Affordable Housing Development Grant Program is one of three incentive programs offered under through the Community Improvement Plan (CIP).
The purpose of this grant is to incentivize the development of purpose-built rental units, affordable housing units (rental or ownership) or the provision of a minimum of 25% of units within a development being provided at market rates, that meet the definition of “affordable” herein, and those units will be registered and maintained as affordable for a minimum of 20 years.