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New and Developed Areas | Affordable Rental Housing

Area 3 – Below Market/Affordable Rental Developments 

a) Non-Profit Developers

  • $20,000 Capital Grant per Affordable Rental Unit for bachelor to two bedroom units
  • $25,000 Capital Grant per Affordable Rental Unit for three or more bedroom units
    • Eligibility Criteria under Section 7 of the Housing Incentives Policy:
    • Two-unit building minimum for Non-profit Housing Provider; four-unit building minimum for Private Sector Developer
    • Must be rented at or below maximum rental rates for a minimum of five years
    • Units must be rented to households that meet income eligibility requirements based on maximum income thresholds (rental units)
    • Does not include secondary rented units (condominium units being rented)
    • Must remain rental for a minimum of 15 years
    • 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, residential portion of a building only is eligible
    • Group Care Facilities and Personal Care Homes are not eligible for capital incentives
    • 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 and prioritized using the score card criteria
    • Capital Grants can be stacked with Provincial Rental Development Program
    • Rental rates and income eligibility requirements of households will be confirmed on an annual basis through affidavit and rent roll information

Application Form

  • Grants for Non-profit Housing Providers will be considered January 1 – October 31 of each year
  • Eligible for 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.
    • See Eligibility Criteria for Market Rental Units and Section 6 of the Housing Incentives Policy

Application Form

b) Private Sector Developers

  • $10,000 Capital Grant per Affordable Rental Unit for bachelor to two bedroom units
  • $15,000 Capital Grant per Affordable Rental Unit for three or more bedroom units
  • Eligibility Criteria under Section 7 of the Housing Incentives Policy:
    • Four-unit building minimum for Private Sector Developer
    • Must be rented at or below maximum rental rates for a minimum of five years
    • Units must be rented to households that meet income eligibility requirements based on maximum income thresholds (rental units)
    • Does not include secondary rented units (condominium units being rented)
    • Must remain rental for a minimum of 15 years
    • 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 a building is eligible
    • Group Care Facilities and Personal Care Homes are not eligible for capital incentives
    • 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 and prioritized using the score card criteria
    • Capital Grants can be stacked with Provincial Rental Development Program
    • Capital Grants may not be stacked with the Provincial Capital Rent Subsidy Program
    • Rental rates and income eligibility requirements of households will be confirmed on an annual basis through affidavit and rent roll information.

Application Form

  • Grants for Private Sector Developers will be considered starting November 1 of each year
  • Eligible for 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.
  • See Eligibility Criteria for Market Rental Units and Section 6 of the Housing Incentives Policy

Application Form