Land for Housing Program
No fixed amount
Grant
Description:
The Land for Housing Program helps create affordable housing. Private developers and community housing developers can apply for provincially owned land available through the Land for Housing Program.
Comments on Funding:
Private developers need to make a minimum equity contribution of 20% of the project’s eligible capital development costs in the form of cash or unencumbered land.
Community housing groups need to make a minimum equity contribution of 5% of the project’s eligible capital development costs in the form of cash.
Continuous Intake
Eligibility:
Applicants must:
1. be a private developer or community housing (co-operative or non-profit) developer.
2. be registered and in good standing with Registry of Joint Stock Companies or partner with a business that is
3. be a corporation, co-operative, non-profit society, Indigenous governing body or organization pursuing off-reserve housing projects
4. have previous property development and property management experience or engage a professional third-party property management company
5. have a plan for construction and operations that’s financially viable (capable of producing a profit)
6. meet equity requirements
Application Steps:
Applicants must:
1. Review detailed program criteria and deadlines in the Property Opportunity Notices.
2. Contact the Land for Housing Program if you have any questions about a property opportunity notice.
3. Review the proposal submission requirements and check the property opportunity notice for details on all required supporting documents.
4. Send your project proposal and supporting documents by email.
Documentation Needed:
Applicants must submit a proposal that:
1. No more than 15 written pages, excluding cover page, executive summary and
appendices
2. Appendices should not exceed 20 pages
3. No more than a two-page executive summary that provides a full, high-level
summary of the project
About the author
Maurice