Cookies help us to understand how you use our website so that we can provide you with the best experience when you are on our site. To find out more, read our privacy policy and cookie policy.
Manage Cookies
A cookie is information stored on your computer by a website you visit. Cookies often store your settings for a website, such as your preferred language or location. This allows the site to present you with information customized to fit your needs. As per the GDPR law, companies need to get your explicit approval to collect your data. Some of these cookies are ‘strictly necessary’ to provide the basic functions of the website and can not be turned off, while others if present, have the option of being turned off. Learn more about our Privacy and Cookie policies. These can be managed also from our cookie policy page.
Strictly necessary cookies(always on):
Necessary for enabling core functionality. The website cannot function properly without these cookies. This cannot be turned off. e.g. Sign in, Language
Analytics cookies:
Analytical cookies help us to analyse user behaviour, mainly to see if the users are able to find and act on things that they are looking for. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. Tools used: Google Analytics
Social media cookies:
We use social media cookies from Facebook, Twitter and Google to run Widgets, Embed Videos, Posts, Comments and to fetch profile information.
Affordable Rental Housing Grant Program for Not-For-Profit Corporations
Share on FacebookShare on TwitterShare on LinkedinEmail this link
Final program policy going to Council
On June 13, staff will be taking their Affordable Rental Housing Grant Program report to Waterloo Council for their consideration. This report contains a final program policy for Council’s consideration, which has been informed by staff evaluation, comments from public and stakeholder consultations and a best practices review. Thank you to everyone who participated in the engagement sessions, completed the online survey and provided feedback on the program policy.
Project background
To help address the growing problem of housing affordability, the City of Waterloo is developing an Affordable Housing Grant Program. In December 2020, Waterloo City Council directed staff to identify measures to support the retention and creation of affordable housing, including the creation of an Affordable Housing Grant Program to guide the allocation of available funding, providing financial support to developments that provide affordable housing in the City. On May 17, 2021 Council report (IPPW2021-036) was approved to launch the project.
To start, our Affordable Housing Grant Program will be created for Not-For-Profit Corporations providing new affordable housing units in the City. Current restrictions under the Ontario Municipal Act, 2001 require the city to have a Community Improvement Plan (CIP) before providing grant money to any for-profit or commercial enterprise. Note that this new grant program is being done separate from the citywide Affordable Housing Strategy that has been initiated
Final program policy going to Council
On June 13, staff will be taking their Affordable Rental Housing Grant Program report to Waterloo Council for their consideration. This report contains a final program policy for Council’s consideration, which has been informed by staff evaluation, comments from public and stakeholder consultations and a best practices review. Thank you to everyone who participated in the engagement sessions, completed the online survey and provided feedback on the program policy.
Project background
To help address the growing problem of housing affordability, the City of Waterloo is developing an Affordable Housing Grant Program. In December 2020, Waterloo City Council directed staff to identify measures to support the retention and creation of affordable housing, including the creation of an Affordable Housing Grant Program to guide the allocation of available funding, providing financial support to developments that provide affordable housing in the City. On May 17, 2021 Council report (IPPW2021-036) was approved to launch the project.
To start, our Affordable Housing Grant Program will be created for Not-For-Profit Corporations providing new affordable housing units in the City. Current restrictions under the Ontario Municipal Act, 2001 require the city to have a Community Improvement Plan (CIP) before providing grant money to any for-profit or commercial enterprise. Note that this new grant program is being done separate from the citywide Affordable Housing Strategy that has been initiated
Please take a few moments to give us your feedback. What program qualifications should be considered when setting the rules for the City of Waterloo's Affordable Housing Grant Program for Not-for-profit Corporations?