Saturday, January 2, 2010

Calgary Offers Cash Incentives to Landlords

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The City of Calgary is offering a Secondary Suites Grant Pilot Program as part of the Enterprise Housing Program. The Enterprise Housing Program is designed to stimulate the private and non-profit sectors to produce affordable housing though the provision of incentives.

The Secondary Suite Grant Pilot Program will run for one year starting April 2009. It offers a grant of up to $25,000 to cover 70 per cent of the costs of developing or upgrading a legal secondary suite.

Participants must commit to having the suite available to rent for at least five years at no more than average market rent for secondary suites. For more information on housing, please visit calgary.ca/affordablehousing.

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Natasha Eden ABR®
Office:403-399-0809
URBAN Real Estate Services Ltd.
126 - 1935 32nd Ave NE
Calgary, AB
T2E 7C8 CANADA

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