The City of Brandon has introduced a new Affordable Housing Incentive Program, designed to stimulate the development of affordable housing in the community.
The initiative offers financial incentives, including capital grants, tax exemptions, and reductions in development charges, to support the construction of affordable homes.
The program is open to non-profit organizations, private companies, and Indigenous governments, with eligibility tied to specific criteria, including a commitment to maintaining affordability for at least 20 years.
It’s being funded by the Housing Accelerator Fund (HAF) and managed by the Canada Mortgage and Housing Corporation (CMHC).
“Brandon City Council is proud to endorse this initiative, which highlights our commitment to affordable housing,” said Mayor Jeff Fawcett.
“By implementing this incentive program, we are making significant strides towards providing safer, affordable, and high-quality housing. This by-law demonstrates our dedication to collaborating with both federal and provincial authorities to tackle housing issues and build a stronger community.”
The new by-law enhances the city’s existing affordable housing program, offering greater clarity and flexibility to meet the needs of various projects.
To learn more about the program, visit Brandon.ca.
