Affordable Housing Incentives Pilot Program
We’re providing funding for developers to build middle-income rental housing in Peel
The 2021 Call for Applications is now closed
The Housing Development Office addresses community need by supporting private and non-profit developers to deliver affordable rental housing.
About the program
The Affordable Housing Incentives Pilot Program is a Region of Peel capital grant program. It’s designed to support private and non-profit developers building affordable rental housing for middle-income households, with a focus on larger, family-sized units. Up to $7.5 million in total funding is available.
Any private or non-profit developer building middle-income rental housing within Peel (with a minimum of 5 new units) can apply to this program. The Region of Peel may fund 1 or more projects through the Call for Applications, which ran May 31 to July 12, 2021.
Successful applicants will be the first to participate in this innovative program.
We hosted a launch event on May 18. Contact us to receive a copy of our presentation.
- Applicants must propose a minimum of 5 affordable units.
- "Affordable” refers to the pilot program definition, which is 135% of median market rent by local municipality.
- The affordable units must be primarily 2 and 3+ bedroom units. This is based on Peel’s middle-income housing needs.
- Units receiving incentives must be maintained as affordable for a minimum of 25 years.
- The entire building must operate as rental for the duration of the agreement.
- Applicants must have experience developing housing and managing rental housing or retain the services of an organization with that expertise.
In 2018 we completed a Housing Strategy and Peel Housing and Homelessness Plan (PHHP). We identified a need for more affordable housing for low and middle-income households. 30% of all Peel households face affordability challenges.
The goal of the PHHP is to work with our partners to increase affordable housing and prevent chronic homelessness.
The PHHP includes 5 strategies to help people get and keep housing:
- Transform service delivery
- Build new affordable housing
- Provide incentives to build affordable housing
- Optimize existing stock
- Increase supportive housing.
This pilot program advances strategy 3, provide incentives to build affordable housing. This program also supplements other affordable housing initiatives, including Peel’s Housing Master Plan.
The program targets middle-income households. Middle-income households make between $62,000 and $111,000 per year). This program complements other programs and services provided by the Region of Peel that focus on housing for low-income households.
The pilot program will provide incentives to encourage non-profit and private sector partners to create rental housing for middle-income households within Peel. It will use a, competitive, criteria, and application-based process.
- Launch event for stakeholders held on May 18.
- Program launches on May 31.
- Second stakeholder consultation held on May 12.
- Regional Council endorses pilot program framework on July 9.
- N. Barry Lyon Consultants (NBLC) retained.
- Technical analyses.
- First stakeholder consultation held on September 19.
- Regional Council endorses the Peel Housing Homelessness Plan.
If you would like to receive updates about the pilot program, email email@example.com or contact Madison Van West at 905-791-7800 ext. 4299.
Pilot program background materials
Local municipal housing studies, strategies, and resources
Staff are currently reviewing applications.
Call for applications closes on July 12.
Launch event on May 18 before launching the pilot program on May 31.
Regional Council endorses the pilot program framework on July 19.
Second stakeholder consultation is held on May 12.
N. Barry Lyon Consultants (NBLC) are retained to help develop the program. We host our first stakeholder consultation on September 19.
Regional Council endorses the Peel Housing Homelessness Plan.