Funding opportunities to build new affordable housing in the County. 

See how these programs have helped to build more affordable housing since 2007.

 Municipal Capital Grants

Typically, once a year, the County offers grants to help offset the capital cost of building new affordable and supportive housing. Funding is allocated based on submission to a request for proposals (RFP) issued by the County under Bid and Tenders. Eligibility and funding varies, as indicated in each RFP.
 Development Charge Exemption
If you are constructing a new affordable housing unit, or you are receiving a municipal capital grant, you may qualify for an exemption from local and County development charges. Such exemptions are only available for affordable rental units and are provided at the time of building permit issuance. Please note that an agreement with the County is required to provide this exemption.
 Property Tax Class Reduction

This program lowers the tax ratio of new apartment rental units to 1.0 to reduce a developer’s overall operating costs. New multi-unit residential developments are automatically provided with the lower property tax class at the time of assessment.

Other Programs
 Canada Mortgage and Housing Canada (CMHC)

CMHC offers a number of funding and financing programs to encourage the development of for-profit and non-profit rental housing. Many of these programs can be combined with the funding programs that are offered by the County. 

 

Visit the CMHC website for more information including how to apply.
 Federation of Canadian Municipalities (FCM)
FCM offers a number of grants and loans to support the construction of a new affordable housing project to a higher environmental performance standard.

 

Visit the FCM website for more information, including how to apply.
 Savings by Design Affordable Housing

Enbridge is offering design assistance and incentives of up to $120,000 for new construction affordable housing projects. Through energy modelling and design workshops, Enbridge will provide sustainable design expertise at no cost to the developer.

View the information sheet here 

Visit the website for more information