The Multi-Unit Residential Acquisition (MURA) program offers funding to not-for-profit housing providers to preserve existing affordable rental housing stock for Toronto residents. The program supports the purchase and conversion of private market rental housing to create permanent affordable homes owned by non-profit and Indigenous housing organizations, including community land trusts. These homes will be secured as affordable housing for at least 99 years.
In addition to protecting existing rental properties and creating permanent affordable rental homes, MURA:
Eligible applicants include:
Eligible properties include apartment buildings of up to 60 units and multi-tenant houses (also known as rooming houses).
To further Toronto’s commitment to truth, justice and reconciliation, a minimum of 20 per cent of the annual MURA funding allocation is dedicated to supporting acquisitions by Indigenous housing organizations for Indigenous peoples.
MURA is implemented through an annual open call for proposals process to select and pre-qualify non-profit housing providers. Once approved, groups are provided with a conditional letter of commitment for funding from the City. Funding for deposits and pre-acquisition work will be provided to pre-qualified organizations, allowing them to move quickly to secure properties available for purchase.
The following groups have purchased properties with MURA funding:
Further funding recipients will be shared as properties are purchased and secured.