Affordable Housing Incentive

Amount:

$10,000.00

Type of Program:

Grants

Description:

The Affordable Housing Incentive program provides funding to stimulate below market, affordable and accessible housing options in the City of Miramichi.

Comments on Funding:

Funding is up to $10,000.00 per qualified rental unit.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

be not-for-profit Housing Providers or Private Sector Developers,
have a registered ownership interest in the property named in the application based on the Service NB Property Account Number (PAN).

Eligible Projects:

must be approved for funding by CMHC and/or SD under their respective Affordable Housing Programs (Projects that are fully funded (100%) by the CMHC and/or SD Programs are deemed to be ineligible for this funding program),
must be located within the boundaries of the City of Miramichi,
must be located where existing municipal water & sewerage services are available unless approved by GMRSC-Planning & Building Services,
are limited to the creation of new Rental Units exclusively,
must receive Letter of Offer prior to the commencement of construction,
must meet or exceed all requirements of the City of Miramichi Zoning Bylaw #110 and building code requirements as determined by the GMRSC – Planning & Building Services,
that include a commercial property within the BIA, must have the BIA Levy for the subject property (PAN) up to date and paid in full for the previous taxation year.

Application Steps:

Applicants must:

contact the City of Miramichi, Department of Economic Development & Tourism to discuss the program and determine pre-eligibility,

submit a completed application with all support documentation and obtain final approval prior to the commencement of any work related to the application.

Documentation Needed:

Applicants must submit:

1
the completed application form,
2
a complete project description,
3
a detailed project budget,
4
detailed plans (site plan, floor plans, façade details, etc.),
5
planning permit (if required),
6
copy of most recent property assessment notice from service NB,
7
construction schedule (start and finish date),

Other Things to Note:

Successful applicants that meet the program criteria will be issued a Letter of Offer demonstrating the City of Miramichi’s commitment to the project and outlining any conditions that need to be satisfied prior to advancement of funds.

March 23, 2021 - Source 1

Program Contact:

Affordable Housing Incentive

Development-Incentive-E.pdf

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