Affordable Housing Now: Tax Increment Financing 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.
Tax Increment Financing (TIF) Grants will be awarded to approved projects that meet the minimum program requirements.
Offered by Planning, Property & Development (City of Winnipeg)
Amount
TIF grants of 80% of incremental municipal property taxes for up to 25 years (Downtown, designated Housing Improvement Zone, non-profit or Indigenous-government owned, or vacant-building rehabilitation) or for up to 15 years (outside Downtown/Housing Improvement Zone, or owned by a for-profit corporation); $20 million total for Downtown developments and $30 million outside the Downtown
Quick eligibility check
Who can apply
Eligible organizations
- Non-profit organizations
- For-profit organizations
- Indigenous governments and organizations
Eligible projects
- Social housing (rent-geared-to-income)
- Mixed market/affordable rental housing
- Transitional housing
- Supportive housing
Eligible construction
- New construction
- The conversion of non-residential use to residential use
- The rehabilitation of former residential buildings currently vacant and uninhabitable
Minimum program requirements
- Have a minimum of 5 units
- Have primary use as residential (greater than 70% of building gross square footage)
- Have greater than 30% of residential units rented at less than 80% of the median market rent for the area, as determined by CMHC
- Have eventual funding approval through a program under Canada’s National Housing Strategy (Note: CMHC’s Mortgage Loan Insurance Program is not a funding program of the National Housing Strategy).
- Meet priority needs identified in the City of Winnipeg Comprehensive Housing Needs Assessment Report
Projects may be owned by a non-profit, for-profit corporation, or Indigenous governments.
About the funding
- Tax Increment Financing (TIF) Grants will be awarded to approved projects that meet the minimum program requirements.
- Total grants available under this funding stream are $20 million for developments in the Downtown and $30 million for developments outside the Downtown.
- TIF grants are 80% of incremental municipal property taxes for up to 25 years if an approved project is:
- located in the Downtown, or
Show all funding details
- located in a designated Housing Improvement Zone (PDF, 6.7MB), or
- owned and operated by a non-profit corporation, or
- owned and operated by an Indigenous government, or
- includes the rehabilitation of a vacant building where financial need is demonstrated to the satisfaction of the City.
- TIF grants are 80% of incremental municipal property taxes paid each year for up to 15 years if an approved project is:
- located outside of the Downtown or a designated Housing Improvement Zone (PDF, 6.7MB), or
- owned by a for-profit corporation.
- Incremental Taxes means the municipal real property taxes payable in relation to an approved project the years after its occupancy permit is issued, less the amount of the property’s base taxes.
- Base taxes mean the annual municipal real property taxes payable in the year of a project’s approval.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Commemorative Partnership Program: Community War Memorial | Grant | Up to 50% of eligible expenditures, not exceeding a maximum of $25,000 (up to 100% of eligible expenditures, to a maximum of $50,000, for war memorial projects in Indigenous communities) | Open |
| Poultry and Egg On-Farm Investment Program | Grant | Non-repayable contributions of up to 70% of eligible project costs (up to 85% for young producers), limited to each producer's maximum funding amount based on their share of provincial quota/production | Open |
