Housing Accelerator Fund Capital Grant Incentive

The City of Winnipeg’s Housing Accelerator Fund Capital Grant Incentive program will provide grants directly to developers to create more housing. 

This first round will focus on affordable housing projects and projects Downtown, with $25 million available.

Projects must be creating new housing and demonstrate ability to secure a building permit within one year of approval. 

Future rounds of funding will be open at a later date with ability to support additional projects. Future rounds may include incentives for projects outside the Downtown, such as near transit corridors.  

The City is also in ongoing discussions with other funding partners, such as Province of Manitoba and End Homelessness Winnipeg, to ensure alignment and maximize program impact. 

Funding Round 1

  • Application period: May 31 - July 12, 2024 at 4 p.m. CDT
  • Up to $25 million is available in 2024
  • Maximum grant per project: $5 million
  • Projects will be prioritized and evaluated with a point system to determine successful projects and potential support under the program.
  • Decisions by September 1, 2024

Eligibility

Eligible organizations

  • Non-profit organizations
  • For-profit organizations
  • Indigenous governments

Eligible projects

  • Projects must include at least five dwelling units
  • Projects must be creating new housing; new housing is defined as new construction or non-residential (i.e. office, industrial) to residential use
  • Projects must demonstrate ability to secure a building permit within one year of grant approval
  • Projects must not have secured a building permit prior to December 5, 2023; building permit is defined as the first permit issued for a project that allows construction to begin
  • Projects must meet the locational or affordability criteria for the category they are intending to access

Grant categories

The first phase of grants ($25 million) will be focused on projects in three categories, with a fourth top-up available.

For each of the grant categories, projects can also apply for and receive a Tax Increment Financing (TIF) grant for their project under one of the City’s current TIF programs (Affordable Housing Now or the Heritage and Economic Development Incentive Program), providing more financial support to the project and allowing for greater levels of affordability.

1. Downtown Market Projects: Up to $25,000/unit 

2. Affordable Housing Projects: Up to $35,000/unit 

3. Affordable Downtown Housing: Up to $60,000/unit 

4. Funding Top-up for Deeply Affordable/Supportive Housing outside Downtown: Up to $15,000/unit

  • For deeply affordable housing projects outside the Downtown (and therefore not eligible for Grant number 3), an additional top-up grant of up to $15,000 may be available. 
  • Projects must provide a letter of intent from a government organization (or an equivalent organization acceptable to the City), indicating its commitment to provide operating funding for at least five years, and up to twenty.
  • Projects must meet or exceed the following:
    • at least 50% of the total dwelling units are rent-geared-to-income, or
    • operates as permanent supportive housing or transitional housing for priority populations, including people experiencing homelessness.

Evaluation criteria

Projects will be prioritized and evaluated with a competitive selection process based on the following areas. A point system will be used to determine successful projects and potential support under the program.  

Readiness to construct: 30%

A key element of evaluation is how far along a project is towards readiness. Projects will be assessed on ability to secure a building permit within one year. While development approvals or secured land is not a minimum requirement for the program, having these elements in place are strongly encouraged and will be scored with more points. 

  • Land status 
  • Stage of development approvals
  • Level of construction drawings/budget class
  • Operational feasibility, including capital/operational funding secured 
  • Experience of developer and/or partners
  • Demonstrated ability to secure building permit within one year

Social impact: 30%

Projects will be evaluated based on their impact, with particular emphasis on meeting goals related to affordable housing and reconciliation with Indigenous partners. The social impact of a project will be assessed by considering elements including: 

  • Indigenous-led projects 
  • Non-profit led projects 
  • Surpassing minimum affordability requirements
  • Inclusion of accessible housing units 
  • Surpassing energy efficiency 
  • Focus on priority populations in need of housing, and specifically, people experiencing homelessness

Financial feasibility & efficiency of funding: 30%

As the City is aiming to deliver a target number of housing units within a short timeframe, financial feasibility and efficiency of HAF dollars will be evaluated to maximize impact. This will include: 

  • How many units the project is creating
  • Capital costs per unit and/or funding request per unit
  • Determining if the project in need of funding, or could move forward without additional funds

Planning alignment: 10%

Alignment with City of Winnipeg policies, with particular emphasis on:

Application process

The Capital Grant Incentive program will be open to accept applications between May 31, 2024 and July 12, 2024. 

Application intake will close July 12, 2024 at 4 p.m. CDT.  

Applications will be reviewed and prioritized based on evaluation criteria, with successful projects announced by September 1, 2024.

If a project is successful, it will receive a Conditional Approval Letter indicating the maximum amount approved. A Grant Agreement will be entered into with the City of Winnipeg after proof of building permit release has been submitted. This agreement will set out all terms and conditions of the grant(s) as required under the City of Winnipeg By-Law No. 64/2024.

1. Determine if your project is eligible

Before submitting an application, please review eligibility criteria and ensure your project qualifies. You can contact HAF staff with any questions.  

2. Submit the application 

When you’re ready, you can apply online. 

You will be asked to submit the Application Workbook, along with your project’s architectural plans, and third-party construction budget. 

You will be able to apply for the HAF Capital Grant program and the City’s existing Tax Increment Financing programs through the same application. 

Please submit your application as soon as you are ready, as this will support our review team in meeting our quick timelines. 

Download the Application Workbook (XLSX, 78KB)

3. Application review

Once received, your application will be reviewed and evaluated with a competitive selection process. A point system will be used to determine successful projects and potential support under the program.  

During the review process you may be asked for further information to support evaluation. 

If you have consented, your application will also be shared with other funders to maximize impact, such as the Province of Manitoba and End Homelessness Winnipeg. This may allow additional funders to consider support for the project under their programs. 

4. Conditional Approval Letter

If your project is approved, you will receive a Conditional Approval Letter. This letter will outline the type and amount of each grant(s) to be provided. The letter will set out any conditions of approval, including requiring proof of building permits prior to release of funding. Building permit is defined as the first permit issued for a project that allows construction to begin (including a partial building permit such as foundation or structural frame permit). Projects will also be required to secure an interim or final building occupancy permit within four years of project approval. 

5. Grant Agreement

The grant recipient will receive a Grant Agreement to be entered into with the City of Winnipeg setting out all terms and conditions of the grant(s) as required under the associated bylaws of the program(s). 

Questions?

Contact us and we will be happy to connect with you.

Email: HAF@winnipeg.ca

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