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Funding for Creating New Rental Housing

The programs described below are of interest to anyone in the private sector or a non-profit group who qualifies under the Affordable Housing Strategy.

Current Expressions of Interest

In August  2014, the Governments of Canada and Ontario announced an extension to the Investment in Affordable Housing for Ontario Program (IAH)  which will provide an additional $801 million in funding for affordable housing in Ontario over six years. The Region of Waterloo's notional allocation for Year 1 of the program is $2,547,400. The Province requires that the Region submit its Program Delivery and Fiscal plan by Nov. 30, 2014 indicating how the Year 1 funding will be allocated to the eligible program components (Rental Housing, Homeownership, Ontario Renovates, Operating, and Administration). The results of this call for

Expressions of Interest (EOIs) will help determine how much of the Year 1 funding will be allocated to the Rental Housing Component. The Region's allocation for the Years 2 to Year 6 of the program will be provided prior to the start of Year 2, which commences on April 1, 2015. It is anticipated that a future call for Expressions of Interest will be released in the spring 2015 after the Year 2 to 6 Year IAH (2014 Extension) funding is announced.

As per the terms and conditions of this call for EOIs for affordable rental housing, the Region of Waterloo now invites non-profit and private sector proponents to submit  proposals for new affordable rental developments that meet the objectives of the Region's new AHS 2014-2019 and the Provincial guidelines. 

The Region of Waterloo invites interested parties to submit Expressions of Interest for new affordable rental housing; the deadline for this call for EOIs is before 2:00:59 p.m. on Monday, Nov. 24, 2014.

Province of Ontario Investment in Affordable Housing for Ontario 2014 Extension Program Guidelines

Affordable Housing Strategy (AHS)

The new goal of the Affordable Housing Strategy 2014-2019 is to address the housing needs of 700 low to moderate income households through the creation of 350 new affordable housing units and the preservation and retention of 350 existing affordable homes. The need for affordable housing for the lowest income households and supportive housing will remain key priorities of the new proposed new AHS.

Starting the Journey Housing Forum for Non-Profit and Charitable Groups 

Please review the links below to view presentation materials from the Starting the Journey Housing Forum for Non-Profit and Charitable Groups. 
 
Presentations:
 
Housing Statistics:

Expressions of Interest (EOI)

From time to time, the Region of Waterloo invites private sector and non-profit groups to submit proposals for supportive and affordable rental housing. If there is an open call for EOI, it will be listed below, as well as posted on our News & Events page.

You can also ask to be added to our distribution list and notified of future calls for proposals.

Capital grants

Capital grants help offset the capital costs of building new affordable housing. To be considered for a grant, you must apply under Expressions of Interest (EOI) when there is call for proposals.

Who can apply?

To receive a Capital Grant, you must:

  • Be a non-profit or private landlord
  • Apply under the Affordable Housing Strategy
  • Get approved by Regional Council
  • Agree to keep the units as affordable housing for a minimum of 20 years

 

Regional Development Charge Grants

New building developments are subject to development charges for each unit created. However, if you are building a new development under the Affordable Housing Strategy, you may be eligible for a City and/or Regional Development Charge Grant.

Who can apply?

To receive a Development Charge Grant, you must:

  • Be a non-profit or private landlord
  • Apply under the Affordable Housing Strategy
  • Get approved by Regional Council
  • Agree to keep the units as affordable housing for a minimum of 20 years

For more information about development charge grants, please visit our Development Charges section.

 

Other funding

For more information about funding that does not require applying under the Affordable Housing Strategy, please visit our Other Funding Opportunities page.

 

Affordable Housing Strategy success stories

Since the first Affordable Housing Strategy was initiated in 2001 to the end of the last Strategy in 2013, a total of 2,062 new affordable housing units were crated, including 1,409 affordable rental units 343 new rent supplement units and 310 affordable home ownership units.  To learn more about the affordable rental developments, please view our list of AHS Success Stories.

If you would like more information about any of the units available in these buildings, please call the number included with the building's description. And to apply for housing in any of these buildings, please visit our Apply for Housing page.

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