Provide loans and grants to non-profit and private sectors for the construction of residential units. It is anticipated that this initiative will have the largest impact on creating new units during the program period, specifically by increasing missing middle and higher-density units.
This includes:
- grants for backyard suites and house suites, duplexes, townhouses, and apartments
- higher-density units, such as multi-family units with more than four units, and rental units may be prioritized
- loans to non-profits will be explored to allow the program to incentivize more housing projects for several years
- loans for infrastructure connections directly attributable to new housing development
- Priority will be provided to higher-density projects, but assistance will also be provided for infrastructure connection costs for lower-density missing middle units
Estimated Start Date | Estimated Completion Date |
April 1, 2025 | April 1, 2026 |