Households with low-to-moderate income face growing challenges in finding affordable rental housing in Durham Region. Less than 50 per cent of rental households can afford the average market rent of $1,086 in Durham. Single non-seniors face the greatest challenge with unaffordability and homelessness. In order to address the affordability needs of these households, the region needs a greater range of affordable rental housing options and supports the creation of affordable housing stock.
For more information about our housing vision and strategy, view our At Home in Durham page.
The Investment in Affordable Housing for Ontario (2014 Extension and 2016 Social Infrastructure Fund) Program makes federal-provincial funding available as a forgivable capital loan to help stimulate the development of new rental units.
This includes units that target:
- Chronically homeless
- Youth
- Seniors
- People with disabilities
- Indigenous persons
- Homelessness following transitions from provincially-funded institutions
Approved projects must provide average rents at or below 80 per cent of Canada Mortgage and Housing Corporation average market rents, and must start construction within 120 days of signing a Contribution Agreement with us. You can view program information on the Ministry of Municipal Affairs and Housing website.
If you are a developer and would like to know more information, please contact us.