Applications for 2023 funding have closed. The next call for applications is expected to open in 2024.

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:

  • Improves housing stability for current and future tenants
  • Improves the physical conditions of buildings
  • Increases capacity in the non-profit and Indigenous housing sectors
  • Ensures the long-term financial sustainability of the homes

Eligible applicants include:

  • Non-profit housing providers
  • Indigenous housing providers
  • Non-profit housing cooperatives
  • Community land trusts

Eligible properties include apartment buildings of up to 60 units and multi-tenant houses (also known as rooming houses).

  • Apartment buildings are eligible for up to $200,000 per unit.
  • Multi-tenant houses are eligible for up to $150,000 per dwelling room.

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:

  • Ecuhome
  • Houselink and Mainstay Community Housing
  • Parkdale Neighbourhood Land Trust
  • Raising the Roof
  • St. Jude Community Homes
  • Wigwamen

Further funding recipients will be shared as properties are purchased and secured.