The City of Winnipeg has launched the Affordable Housing Now Program to support local affordable housing projects.
$2 million in grants are available through the program to offset construction and permit fees and offer tax increment financing (TIF) opportunities of up to 80% of municipal incremental tax increases arising from development. The program also enables access to existing federal programs that may require support from another level of government.
“The goal of the Affordable Housing Now Program is to ensure we’re leveraging all funding opportunities available to housing projects in Winnipeg to meet local housing needs,” said Councillor Cindy Gilroy, Chairperson of the Standing Policy Committee on Property and Development, Heritage and Downtown Development.
More information on the program is available at winnipegaffordablehousingnow.ca.
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