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City of London Additional Residential Unit Forgivable Loan Program
A forgivable loan helps London property owners create additional residential units in eligible areas.
About this program
The City of London Additional Residential Unit Forgivable Loan Program supports the creation of additional residential units, such as secondary suites or accessory units, within eligible Community Improvement Plan areas. The incentive is designed to increase local housing supply by helping owners offset eligible construction and conversion costs for approved units.
Eligibility
Eligible applicants are property owners in eligible London Community Improvement Plan areas creating approved additional residential units.
Requirements
- Property must be located in an eligible Community Improvement Plan project area.
- Project must create an eligible additional residential unit.
- Applicant must submit an application before beginning eligible work.