The Multi-Unit Residential Acquisition Program (MURA) provides City funding and incentives to support the acquisition of private market rental housing by non-profit housing providers, including Indigenous housing providers, co-operatives and community land trusts. The Program enables the purchase of at-risk private market rental housing to secure the homes as permanently affordable non-profit housing.
All questions about the RFP are to be submitted in writing to Terence Frederick, Housing Development Officer at the City’s Housing Secretariat, at: HousingSecretariatRFP@toronto.ca.
The presentation from the City’s Online Information Session on August 6, 2024 is available here.
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.