Rental Housing Supply Program

Interested in building Affordable Rental and Purpose-built Rental Homes? Find out how to apply for City Incentives.

The Rental Housing Supply Program (RHSP) supports a range of new rental homes including new:

  • Rent-geared-to-income (RGI) homes;
  • Affordable rental homes;
  • Rent-controlled homes;
  • Purpose-built rental homes.

RHSP provides City financial contributions including capital funding, and relief from development fees and charges, and property taxes. RGI, affordable rental, rent-controlled, and purpose-built rental housing projects approved under RHSP will be supported through a prioritized development review process.

Sign up below for updates about affordable housing development opportunities.

Eligibility:

  • All non-profit and private housing organizations eligible to apply, but may be best suited for private-market developers
  • 20% of units must be affordable (see affordable rents below)
  • Affordable rents maintained for at least 40 years, targeting 99 years

Available Financial Support

  • For the purpose-built rental homes, indefinite deferral of development charges (municipal potion only) and 15% reduction of the municipal portion of the existing New Multi-Residential Property Class rate.
  • For the affordable renal homes, exemption of development charges (municipal portion only), Community Benefit Charges, Parkland Dedication fees (cash in-lieu), Planning Application Fees, Building Permit Fees, and Residential Property Taxes (for the term of affordability); as well as access to capital funding of $260,000 per RGI and affordable rental home (subject to further evaluation)

Calls for application are currently open.

Eligibility:

  • Non-profit and private housing organizations eligible to apply.
  • 20% of units must be RGI or affordable rental (see affordable rents below)
  • RGI and affordable rents maintained for at least 40 years, targeting 99 years

Available Financial Support

  • Capital funding of $260,000 per RGI and affordable rental home
  • Exemption of development charges (municipal portion only), Community Benefit Charges, Parkland Dedication fees (cash in-lieu), Planning Application Fees, Building Permit Fees, and Residential Property Taxes (for the term of affordability)

Calls for application are currently open.

Eligibility:

  • Non-profit housing organizations eligible to apply.
  • 20% of units must be RGI or affordable (see rent-controlled rents below)
  • Affordable and rent-controlled rents maintained for at least 40 years, targeting 99 years

Available Financial Support

  • Exemption of development charges (municipal portion only), Community Benefit Charges, Parkland Dedication fees (cash in-lieu), Planning Application Fees, Building Permit Fees, and Residential Property Taxes (for the term of affordability).

Calls for application are currently open.

2024 Affordable Rents

The Rental Housing Supply Program incorporates an income-based definition of affordable rental housing, which aligns with both the City’s Official Plan and the Provincial definition under the Development Charges Act. The Program will apply the lower of the provincially-set affordable rents, as issued in “Affordable Residential Units bulletin”, and the City’s income-based definition of affordable rental housing under the Official Plan.

Unit Type Affordable Rents
Studio $1,088
1-bedroom $1,378
2-bedroom $1,992
3-bedroom $2,190

 

2024 Rent-Controlled Rents

The Rental Housing Supply Program includes measures to support the delivery of rent-controlled homes with a target of approving 17,500 units by 2030. Through this report, a new program definition for rent-controlled homes is established whereby monthly rents are above the affordable rents, and at or below 150% of the average City of Toronto rent, by unit type, as reported annually by Canada Mortgage and Housing Corporation, when first rented to a new tenant.

Unit Type 150% Average Market Rent
Studio $2,140
1-bedroom $2,562
2-bedroom $2,988
3-bedroom $3,361

 

Sign up to:

  • Be notified when rental and ownership housing RFPs/Calls for Applications are available
  • Learn about affordable housing development opportunities on public land across Toronto.

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The personal information on this form is collected under the authority of the City of Toronto Act, 2006, ss. 7, 8 and 136 and under Planning and Housing Committee Item 2019.PH11.5 as adopted by City Council at its meeting on December 17 and 18, 2019 and Planning and Housing Committee Item 2020.PH16.5 as adopted by City Council at its meeting on September 30 and October 1 and 2, 2020. The information is used to allow the City to send you an email regarding upcoming Requests for Proposals or Open Door opportunities, and to confirm your wish to subscribe to a City of Toronto e-notice. Questions about this collection may be directed to the Senior Communications Coordinator, Strategic Communications Division, City of Toronto, Metro Hall, 9th floor, Toronto M5V 3C6, 416-397-5326. By subscribing to one of the City of Toronto’s e-updates, you are providing express consent, as defined by the Canadian Anti-Spam Legislation (CASL), to receive email updates from the City of Toronto.