Affordable Housing Development Fact Sheet

Purpose

To provide new rental housing opportunities for low to moderate-income tenants through new construction, renovation and rehabilitation, additions to existing stock, acquisition of rental buildings and/or conversion of buildings housing.

Description

Since 2004 NRH has partnered with the Federal and Provincial Governments to administer funding programs that improve access to affordable rental housing in Niagara.

Funding is provided as a forgivable loan to developers from private sector and non-profit organizations. To be eligible, developers sign loan agreements outlining conditions of funding. The key conditions include:

An affordability period of at least 20 years

Charging “affordable rents” (as defined by each program and issued annually by the Ministry of Municipal Affairs and Housing). Rents are usually based on 80% or less of the Canada Mortgage and Housing Corporation average rents for Niagara:

2022- Average Market Rents at 80% for Niagara (Apartments)
1 Bedroom	2 Bedroom	3 Bedroom
$809	$952	$1,010

Renting to tenants that have a household income at or below the annual maximum Household Income Limit (HIL):

2021 HILs in Niagara
Area	1 Bedroom	2 Bedroom	3 Bedroom
West Lincoln	$31,500	$38,500	$42,000
Rest of Niagara	$41,500	$49,000	$58,000

Outcomes

Affordable housing developed in Niagara
Community	Funding	# of Units
Niagara Falls	$20,417,757	213
Port Colborne	$4,231,926	43
St. Catharines	$33,447,077	370
Thorold	$3,212,486	46
Welland	$12,299,704	167
	$83,608,950	839*

* This includes 239 Niagara Regional Housing units in St. Catharines (Carlton Street), Thorold (St. David's Road East and Ormond Street North), Welland (Fitch Street and Roach Avenue) and Niagara Falls (Hawkins Street and Heximer Avenue).

Contact

Not all Waiting Lists are maintained by NRH. Interested applicants should contact the communities directly. Visit the Development page at www.nrh.ca for contact information.

For non-rental information, contact an NRH Project Manager, Housing Development
905-682-9201 ext. 3918, 3946 or 3953.

Toll-free: 1-800-232-3292

Campbell East
1815 Sir Isaac Brock Way
Thorold, ON

Mail to:
P.O. Box 344
Thorold, ON L2V 3Z3