January 2, 2010
Calgary Offers Cash Incentives to Landlords
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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