The City of Winnipeg and the federal government are investing $58.5 million through two housing programs to create nearly 2,500 new homes across Winnipeg.
The two governments announced recipients of the second round of grants under the Housing Accelerator Fund Capital Grant Program. The City is awarding $25 million in capital grants to 12 local housing projects focused on affordable housing and developments in downtown. These projects will create 1,418 new housing units with 633 affordable units.
In addition, 16 housing development projects will receive $33.5 million in tax increment financing (TIF) through the City’s Affordable Housing Now Program. Overall construction costs are expected to exceed $1.6 billion.
“It’s wonderful to see the impact the Housing Accelerator Fund is having across Winnipeg.” said Minister of Sport and PrairiesCan Terry Duguid. “Projects like these will help young people find affordable homes and create vibrant, inclusive communities where all families, especially the next generation, can thrive and build their future.”
The projects awarded funding through the second round of the Housing Accelerator Fund Capital Grant Program had all applied to the program during its initial intake period. Through that intake, there were 66 total grant applications and requests for about $160 million in funding. The City was able to award $25 million to 11 projects in the first round of the program.
