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New and Developed Areas | Affordable Rental Housing

Area 3 – Below Market/Affordable Ownership Developments

  • $10,000 Capital Grant per Affordable Ownership Unit for bachelor to two bedroom units
  • $15,000 Capital Grant per Affordable Ownership Unit for three or more bedroom units
    • Eligibility Criteria under Section 7 of the Housing Incentives Policy:
      • No building size minimum for Non-profit Housing Provider; four-unit building minimum for Private Sector Developer
      • Units must be sold to households that meet income eligibility requirements based on Maximum Income Thresholds (Ownership Units)
      • Capital Grant must be transferred to eligible purchaser as a down payment or reduction in the sale price of the unit
      • Purchaser cannot own another residential property to be eligible for the Capital Grant for Affordable Ownership
      • Units eligible for Capital Grant for Affordable Ownership must be established at the time of application
      • Must be newly-constructed residential units or the conversion of a non-residential building to residential units
      • Properties and applicants must not have charges owed to the City of Regina 
      • Incentives are not provided where a heritage building has been demolished
      • If mixed-use building, only residential portion of building is eligible
      • Non-profit Housing Providers are limited to a maximum of 80 grants per year; Private Sector Developers are limited to a maximum of 40 grants total per year
      • Applications must complete a Score Card for Design and Development Criteria as part of the application. Applications will be evaluated using the Score Card criteria

Application Form

  • Grants for Non-profit Housing Providers will be considered January 1 – October 31 of each year; grants for Private Sector Developers will be considered starting November 1 of each year
  • 5 year, 100% Tax Exemption (Available only if the project is eligible under the Capital Grant Program). Application must be made for Tax Exemption as well as Capital Grant application.
    • Eligibility Criteria under Section 6 of the Housing Incentives Policy:
      • Affordable Ownership units must qualify for Capital Grants to be eligible for Tax Exemption
      • Affordable Ownership units must be owner-occupied by the individual(s) on the certificate of title and must be the owner’s primary residence

Application Form