Definition

Provides capital funding for development of rental units where rent is set at or below average market rate by the number of bedrooms, as measured by the Canada Mortgage and Housing Corporation. Rent is calculated based on the unit and not on the household’s income. Units may be operated by either non-profit housing providers or private sector housing providers.

Category

Social and Affordable Housing System

Sub-category

Social and Affordable Housing

Related Terms

Affordable Home Ownership Program

Affordable Housing Program

Service Information

Visit New Affordable Housing Developments for project details and contact information.