Programs for Builders, Developers and Homeowners

• Increase the supply of affordable housing and rental accommodation in the District of Muskoka by providing funding to Developers, Builders, and Landlords to encourage them to build and provide affordable housing in the District
• Offer funding for an array of housing options that address affordable housing needs across the housing continuum
• Encourage and support project applications that include prioritized outcomes such as attractive design and appearance, opportunities for tenant participation and engagement, and preferred locations
• Support individuals and families who cannot afford current market rents by offering rent subsidies

Capital Incentive Funding is available through the MAHIP program. Through Capital Incentive Funding, developers, builders and homeowners may be eligible to receive funding towards the construction of rental housing. Funding amounts vary based on the affordability period as per below:

• Funding available upon receipt of occupancy permit
• Rental units must be at or below District Alternative Average Market Rent

• Rent limits in place for set amount of time, depending on funding amount and corresponding affordability period (see table above).
• Applies to new construction or renovation/conversion where new units are constructed (e.g. single home converted into two units or commercial property converted into housing)
• Preference given to rents that include some or all utility costs

• Capital Incentive Funding Agreement to be registered on title for the respective affordability period.