2019 Ontario Renovates Multi-Residential Rental Unit Program Launches Monday
Landlords with multi-residential units can begin applying Monday under the Ontario Renovates program for breaks to offset the cost of rehabilitating affordable units that require essential repairs or modifying affordable units to increase accessibility.
Approved applicants must maintain rents at or below Windsor Essex Maximum Market Rents and own a dwelling with a minimum of three rental units that is defined for affordable rental purposes in accordance with municipal requirements. Priority consideration will be given to applications that identify the employment of apprentices.
Support will be provided to successful applicants in the form of a 15-year forgivable loan registered on title. For accessibility repair costs, the first $5,000 per unit may be provided in the form of a grant and not a repayable loan. The amount of funding per rental unit is capped at $50,000 but the average funding of all applications under the program cannot exceed $25,000 per unit.
More details and eligibility requirements are available on this 2019 Ontario Renovates Multi-Residential Rental Unit Program Information Sheet.
Applications can be downloaded beginning Monday on the City of Windsor’s website. Applications will be accepted between 8:30 a.m. and 4:30 p.m. from Monday, June 24, 2019 to Monday, July 22, 2019.
Completed applications must be submitted using one of the following methods:
- In Person to: City of Windsor, 400 City Hall Square East, 3rd Floor, Room 301, Community Development and Health Services Business Office -- Attention: Housing Services, Program Development Officer where they will be date and time stamped.
Or
- By Mail to: Program Development Officer, Housing Services, 400 City Hall Square East, PO Box 428 Station “A,” Windsor, Ontario, N9A 6L7