Applications for 2024 MURA funding are now open until September 19, 2024 at noon.

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.

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
  • Houses Opening Today Toronto (HOTT)
  • Na-Me-Res
  • Parkdale Neighbourhood Land Trust
  • Raising the Roof
  • St. Jude Community Homes
  • Wigwamen
  • WoodGreen Community Housing

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