Affordable Housing Incentives
The Affordable Housing Incentives (2024) provide funding for the construction of new affordable rental units, including affordable rental units within mixed market developments.
Applying the Housing Accelerator Fund (HAF) funding, the City of Saskatoon is prioritizing support for new affordable rental units through Council Policy C09-002, Innovative Housing Incentives Policy. Certain exemptions to the policy have been approved for HAF funded projects to allow for increased flexibility on timing, criteria and the incentive amounts. This flexibility serves to enhance the City’s contributions and further incentivize the construction of new affordable rental units.
Capital Funding & Tax Abatement
From June 5, 2024 to July 5, 2024, the City of Saskatoon is accepting applications for Affordable Housing Incentives. Funding may be allocated to eligible projects for the construction of new affordable rental units through capital grants of up to $27,000 per unit and a five-year incremental tax abatement, subject to City Council approval. Priority will be given to registered non-profits, housing co-operatives, Indigenous organizations and/or governments, and First Nations.
The City is also offering a Building & Development Permit fee rebate up to $1,500 per unit for eligible units. Applicants are eligible upon issuance of the final building permit for their project and Administration will reach out to eligible applicants about this rebate.
Questions about the Affordable Housing Incentives (2024) can be emailed to the Housing Team at housinginfo@saskatoon.ca or directly to Sarah King (Housing Lead) at 306-975-2774 or by email at sarah.king@saskatoon.ca.
Funding Availability Tied to HAF Outcomes
Funding for the Affordable Housing Incentives comes from the Housing Accelerator Fund, which is dependent on approval of a number of bylaw amendments in the coming months. Final approval of incentives will occur following consideration of the bylaw amendments and is dependent on the outcomes of those decisions. For information on the proposed amendments, please visit saskatoon.ca/HAF.
2024 Call for Proposals – Online Application Form
The application form for eligible projects can be found here.
Information about the eligibility and evaluation criteria, and the application process is provided within this detailed Frequently Asked Questions.