The District of Muskoka is offering two funding stream opportunities to help boost affordable housing initiatives across the region.
Officials say it’s part of the Muskoka Affordable Housing Initiatives Program, which is aimed at increasing the supply of affordable housing across the district.
“This program helps property owners and developers create more rental housing and helps more residents find housing. It also supports the District’s commitment to help build a community where everyone has a place to call home,” said Arfona Zwiers, Commissioner of Community and Planning Services. “Every new unit created through this program is more than a number — each one helps residents and families in our community find affordable housing in Muskoka.”
The first funding opportunity targets Multi-Residential Rental Units, offering up to $100,000 per unit to developers and builders to create affordable multi-unit rental housing.
Officials say it will support both new construction and the conversion of existing buildings, such as schools, churches, or retail spaces.
The second funding stream focuses on Additional Residential Units, providing up to $50,000 per unit to help property owners build secondary suites, garden suites, offering flexible housing options and the opportunity for rental income.
Applications close on May 1. For more information or to apply, click here.
