Affordable housing program passed by Winnipeg city council with unanimous vote

A new affordable housing program has been approved by Winnipeg city council.

Following a unanimous vote, the new program will offer a range of supports including tax incentives, grants, and resources to be made available through the Canada Mortgage and Housing Corporation (CMHC).

“The goal of the Affordable Housing Now Program is to ensure we’re leveraging all funding opportunities available to housing projects in Winnipeg to meet local housing needs,” said Councillor Cindy Gilroy, Chairperson of the Standing Policy Committee on Property and Development, Heritage and Downtown Development in a statement.

“We believe this program can assist in creating 1,500 new affordable housing units in Winnipeg. That kind of impact addresses affordable housing in a meaningful way and increases the safety and well-being of Winnipeg residents.”

The program will provide $2 million in grants for permit fees and construction as well as offer tax increment financing (TIF) opportunities.

“Everyone in Canada deserves a safe and affordable place to call home. The COVID-19 pandemic has made it clear that affordable housing is key to Canada’s recovery, including in communities such as Winnipeg,” said the Honourable Ahmed Hussen, Canada’s Minister of Housing and Diversity and Inclusion in a statement.

“Our government is committed to helping those who need it most, and this program will make a real difference in the lives of people in Winnipeg. We will continue to do our part to create even more affordable housing that will benefit all Canadians for decades to come.”