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.
Capital Funding Stream
Eligibility:
- Community Housing Providers (including TCHC and TSHC), and Private Sector Housing Organizations, are eligible to apply
- 20% of units must be affordable
- Affordable rents maintained for at least 40 years, targeting 99 years
- Applications for Capital Funding will open on a time-limited basis, and will be subject to a thorough eligibility review, evaluation, and scoring by City staff
- Applicants are reminded that funding is limited and projects may not be approved for the full amount of funding requested in their application
- Final confirmation of successful projects and funding amounts is subject to approval by City Council
Available Financial Support:
- Capital funding of $260,000 per RGI and affordable rental home
Purpose-Built Rental Housing Incentives Stream
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 rental 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).
Affordable Rental and Rent-Controlled Housing Incentives Stream
Eligibility:
Affordable Rental Housing
- Rents meet the new income-based definition of affordable
- Rents may increase by no more than the Provincial Rent Increase Guideline annually
- Units must be kept affordable for a minimum of 40 years
- Units may also be operated as rent-geared-to-income (RGI) housing, or as supportive housing
Rent-Controlled Housing (Community Housing Providers Only)
- Rents are above the City’s Affordable rent, but no higher than 150% of AMR for the City of Toronto, by unit type
- Rents may increase by no more than the Provincial Rent Increase Guideline +2% annually
- Units must be kept at this rent level and rent-controlled for a minimum of 40 years
- Only available to Community Housing providers
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.
Community Housing Pre-Development Fund (CHPF)
2024 Rent Levels
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.
Type (don’t copy and paste) your email address into the box below and then click “Subscribe”.
You can unsubscribe at any time.
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.
