Ottawa city council has approved a plan to provide tax breaks for developers building affordable housing throughout the city. The plan includes grants of $6,000 to $8,000 per affordable rental unit per year for 20 years, as long as at least 20% of the units (minimum of five units) are designated as affordable.
The units must remain affordable for at least 20 years. A finalized affordable housing CIP and bylaw will be drafted for council approval in early 2022.
Ottawa City Council Tax Breaks Affordable Housing Grants Rental Units CIP Bylaw
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