Ontario Construction News staff writer
The federal government is helping Hamilton build more affordable housing units with the launch of a new program that will provide incentives to developers.
The Additional Dwelling Unit and Multi-Plex Housing Incentive Program (ADHDUP) is offering grants and loans to help build rental units in the city.
The city says the program is one way it is responding to the need for more affordable housing in the city and will help developers create additional dwelling units or garden suites within existing low-density residential areas.
The program is also open to developers of multi-plexes with six or fewer units that are located on the same property as the new or existing building.
The city says building permits issued after March 20 are eligible for the program and will be retroactively reimbursed with proof of occupancy permit issuance.
The program is open to registered property owners only and does not apply to heritage buildings or designated part of a site that has been demolished.
The city says the program will provide incentives of up to $2,000 per building permit for the construction of an individual eligible unit or building containing eligible units, or $25,000 per eligible unit for the creation of affordable rental units with rents not to exceed 100 per cent of the average market rent for a minimum of 15 years.
For more information on the program, visit the city’s website: www.hamilton.ca/haf.