Increase the Supply of Affordable Housing – CMHC (2021)
The Rental Housing component aims to increase the supply of rental housing for households on, or eligible to be on, social housing waiting lists; and ensure that safe, adequate and affordable rental housing is available to Ontario households.
Comments on Funding:
Funding is up to 75% of the total capital cost per one unit or $150,000 per unit, whichever is less.
Total capital costs include land, financing, hard (construction) and soft costs but less any HST rebates.
Eligible projects are:
Service Managers will solicit proposals and select rental housing projects to recommend to the Ministry of Municipal Affairs and Housing for funding approval.
Other Things to Note:
The program ended in March 31, 2020.
When It Ends:
November 30, 2019