Affordable Housing Targets Program

What it is

The program provides financial assistance to a landlord or building owner to rehabilitate former rental or open space to achieve affordable rents in some or all of the units by way of providing certain incentives. The financial assistance applies only to the units that achieve the affordable rent.

How it works

In return for the funding or incentives, the unit(s) will be offered to applicants on the City’s waiting lists at an agreed upon market rent for an agreed upon number of years. An agreement for the value of the funding or incentives is registered on title. As long as the requirements are met, the value of the funding and incentives is forgiven.

Benefits

The program benefits the developer by reducing costs and benefits a low to moderate income household with access to a unit at or below the average market rent for the area (inclusive of utilities).

What it is

The program provides financial assistance to developers of new homes to achieve affordable sale prices in some or all of the homes by way of providing certain incentives. The financial assistance applies only to the units that achieve the affordable rent.

How it works

In return for the funding or incentives, the first purchaser will be a low to moderate income household. An agreement for the value of the funding or incentives is registered on title. As long as the requirements are met, the value of the funding and incentives is forgiven.

Benefits

The program benefits the developer by reducing costs and benefits a low to moderate income household with access to a home at or below the average sale price for the area.

What it is

The program provides financial assistance to developers of new rental projects to achieve affordable rents in some or all of the units by way of providing certain incentives. The financial assistance applies only to the units that achieve the affordable rent.

How it works

In return for the funding or incentives, the unit(s) will be offered to applicants on the City’s waiting lists at an agreed upon market rent for an agreed upon number of years. An agreement for the value of the funding or incentives is registered on title. As long as the requirements are met, the value of the funding and incentives is forgiven.

Benefits

The program benefits the developer by reducing costs and benefits a low to moderate income household with access to a unit at or below the average market rent for the area (inclusive of utilities).

What it is

The program provides a supplement to landlords, non-profits and community housing providers by way of a monthly payment which addresses the gap between what the tenant pays and the established market rent for the unit.

How it works

The unit(s) will be offered to applicants on the City’s waiting lists at an agreed upon market rent for an agreed upon number of years. The City will calculate the portion of rent that tenant will pay to the landlord and monthly the City will pay the landlord the difference between what the tenant pays and the established market rent for the unit.

Benefits

The program will benefit the landlord, non-profit or community housing provider in several ways including: receiving full rental income (to the maximum level approved by the SM), potential damage expenses and a connection to support services for their tenants. The program will benefit a low to moderate income household with access to a unit at or below the average rent for the area (inclusive of utilities).

What it is

The program provides financial assistance to homeowners to create a rental unit in their home with an affordable rent by providing certain incentives.

How it works

In return for the funding or incentives, the unit created will be offered to tenants with a low to moderate income at an agreed upon market rent for an agreed upon number of years. An agreement for the value of the funding or incentives is registered on title. As long as the requirements are met, the value of the funding and incentives is forgiven.

Benefits

The program benefits the homeowner by reducing costs and providing a monthly revenue and benefits a low to moderate income household with access to a unit at or below the average market rent for the area (inclusive of utilities).

Rental rates and household income are set annually. Reach out to Affordable Housing Program Coordinator for current rates.

• City of Kawartha Lakes Council Policy CP2019-004
• County of Haliburton Council Policy PL-01
• Affordable Housing Target Program Sliding Scale
• Building Stronger Communities, The City of Kawartha Lakes & the County of Haliburton Housing & Homelessness Plan 2020- 2029
• CMHC information on programs available

For more detailed info or to submit your application, please contact:

Affordable Housing Program Coordinator

Contact by email

Telephone: 705-324-9870 ext. 3105

PO Box 2600

68 Lindsay Street North

Lindsay, Ontario K9V 4S7