Affordable Housing Now: Tax Increment Financing Grants
$20,000,000.00
Tax Credit
Description:
Affordable Housing Now provides eligible projects with support through two funding streams: Tax Increment Financing (TIF) Grants and Capital Grants.
The Affordable Housing Now Program provides support for the development of affordable rental housing that is also eligible through a funding program of the National Housing Strategy.
Comments on Funding:
Total grants available under this funding stream are $20 million for developments in the Downtown and $30 million for developments outside the Downtown.
Continuous Intake
Eligibility:
Applicants must be:
1. Non-profit organizations
2. For-profit organizations
3. Indigenous governments and organizations
Application Steps:
Applicants must apply online at Incentive grants application: https://www.winnipeg.ca/building-development/housing/incentive-grants-application
Documentation Needed:
Applicants must submit:
1. Application Workbook
2. Project budget (i.e. Third-party construction budget to support the application)
3. Project drawings/architectural plans
Other Things to Note:
About the author
Maurice
