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City of Guelph Affordable Housing Community Improvement Plan - Tax Increment Equivalent Grant
A tax increment equivalent grant supports eligible affordable housing developments that increase property assessment in Guelph.
About this program
The City of Guelph Affordable Housing Community Improvement Plan includes a tax increment equivalent grant for eligible affordable housing projects. Approved projects may receive grants based on the municipal tax increase generated after development, helping improve the financial feasibility of affordable housing construction or conversion.
Eligibility
Eligible applicants are owners, developers, or housing providers with qualifying affordable housing projects in Guelph that increase property assessment.
Requirements
- Project must be located in Guelph.
- Project must create or preserve eligible affordable housing units.
- Project must result in an increase in municipal property assessment.