Housing Incentives Program — Pre-development Grants Pilot Incentive

Amount:

No fixed amount

Type:

Tax Credit

Description:

Capital grants are available to undertake pre-development work needed to determine the feasibility of a housing project. This includes but is not limited to site and infrastructure studies, site and building plans, energy and accessibility modelling, etc. This incentive is available to non-profit housing providers city-wide and to private developers in the City Centre, and North Central, and Heritage neighbourhoods

Comments on Funding:

The Pre-development Grants Pilot Incentive may commit up to $1 million per year for capital grants in addition to the annual capital grant commitment

Deadline:

April 30, 2025

Eligibility:

1. Private sector developers are eligible in program areas 1 and 2.
2. Private sector developers must target at least four units per project.

Application Steps:

Applicants are encouraged to contact the City early at CHS@regina.caOpens in new window to discuss project eligibility and application requirements.

Documentation Needed:

Applicants must submit:
1. A completed pre-development grants application form;
2. A project summary including planned type of work, timeline, planned building type, number of units, level of affordability, clientele, anticipated community impacts, and any other notable details;
3. A list of planned pre-development activities including any organizations engaged for work;
4. If the applicant does not own the property, written confirmation from the owner consenting to all pre-development activities identified in the application is also required.
5. Proof of registration as a non-profit or a business with the Information Services Corporation (ISC) of Saskatchewan; and
6. If a membership non-profit housing provider, a statutory declaration stating the corporation provides housing primarily for the benefit of the public at large with revenue from the corporation invested back into affordable housing.

Other Things to Note:

Applications received between May 1 and July 31 will be considered in August.

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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