The City of Brandon has announced its Affordable Housing Incentive Program By-Law No. 7379. The program aims to boost the development of affordable housing in the city by providing a range of financial incentives, including capital grants, tax exemptions, and offsets on development charges, to support the construction of affordable homes.
The Affordable Housing Incentive Program is funded through the Housing Accelerator Fund (HAF), a federal program managed by Canada Mortgage and Housing Corporation (CMHC). HAF provides funding to local authorities like Brandon to encourage and support projects that speed up housing development.
Key Features:
-Financial incentives are available to non-profit organizations, private companies, and Indigenous governments.
-Eligible projects must comply with specific criteria, including affordability requirements and a commitment to maintaining affordability for at least 20 years.
-The by-law enhances the City’s current affordable housing program, offering increased clarity and flexibility to cater to project needs.
“Brandon City Council is proud to endorse this initiative, which highlights our commitment to affordable housing,” said Mayor Jeff Fawcett. “By implementing this incentive program, we are making significant strides towards providing safer, affordable, and high-quality housing. This by-law demonstrates our dedication to collaborating with both federal and provincial authorities to tackle housing issues and build a stronger community.”
“We are devoted to making Brandon a more affordable place to live,” said Amanda Dupuis, City of Brandon Community Housing and Wellness Programmer. “We look forward to seeing innovative affordable housing ideas come forward from non-profits, Indigenous governments, and developers.”
For more information and to apply, visit Home (brandon.ca)
