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A new capital grant program has been launched by Lanark County to encourage the construction of more affordable housing units.
The Affordable Housing Capital Grant provides funding in the form of a 15-year forgivable loan and is available to Lanark County property owners, community agencies, non-profit and for-profit residential developers who are planning to build new affordable rental housing units or convert non-residential buildings to new affordable rental housing units.
Homeowners in Lanark County who are planning to add a secondary unit in their owner-occupied home that will be rented out may also be eligible.
The maximum funding is based on the cost of approved work items and HST, payable up to $25,000, with an additional $10,000 for units built in the Municipality of Mississippi Mills.
Funding is limited. For more information, please see the Program Guidelines or contact the county at 613-267-4200 ext. 2402 or at housingapplications@lanarkcounty.ca.
