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Incentives for new rental housing

The Region gives developers funding to build new rental units as part of our Affordable Housing Strategy. Our goal is to help 700 people and families living on low to moderate income find an affordable home by 2019. 

What type of funding is available?

Every year or two, the Region offers grants to help offset the capital cost of building new affordable and supportive housing.

Who can apply?

Funding is handed out based on responses to requests for proposals (RFP) issued by the Region. To be eligible for funding you must:

  • Be a non-profit or private sector corporation
  • Own or have an accepted offer for land to build on
  • Have proper zoning for the development or have preliminary support from the area municipality for a zone change
  • Keep the units as affordable rental housing for at least 25 years
  • Meet all other requirements in the RFP

Email us at housing@regionofwaterloo.ca to receive calls for proposals when they are issued.

What do I need to submit in an RFP?

You can review a copy of our last RFP (now closed) to see the type of information and program requirements typically required in a submission. These may be subject to change.

Other funding opportunities

In addition to the Region's capital grants, there are other opportunities for developers to receive funding for affordable housing. View the full list and details below.

eSolutionsGroup