Overview
The Affordable Rental Housing Community Improvement Plan (CIP) was a citywide project to increase affordable rental housing in Mississauga.
Through consultation with the community, developers and industry partners, the City prepared a staff report. The report outlined the now-approved city-run incentive program with a pool of $40 million for affordable rental housing units. It was presented to Council and approved in July 2024.
The Community Improvement Plan was adopted through By-law 0144-2024. Read the notice of passing for more information.
Benefits of the program
The program will allow the City to provide financial incentives to stimulate private and non-profit sector investment in new affordable rental housing. Examples of incentives include tax assistance, grants and loans. It will also allow the City to increase the rental vacancy rate to our goal of three percent and help us meet municipal housing targets set by the Province of Ontario.
Detailed information about the incentives for multi-residential rental housing developments are available on the program page.
