The Region of Waterloo launched an Affordable Housing Request for Proposal (RFP) on Friday to allocate more than $3.4 million in funding to support the work of non-profits, co-ops, the private sector and local governments in the creation of affordable housing projects.
The region is seeking construction-ready development proposals to create new affordable housing units for low to moderate-income households.
The funding includes over $1.4 million from the Ontario Priorities Housing Initiatives (OPHI) and more than $1.9 million from the region's tax levy.
“Access to affordable housing is one of the most pressing challenges we face across the Region of Waterloo,” Regional Chair Karen Redman said in a press release. “We welcome proposals that will contribute to the goal of our Building Better Futures Plan to create 2,500 affordable homes in five years."
The region is accepting submissions until 2 p.m. on Sept. 19.
More information, including the proposal form, is available on the Region’s Bid Opportunities page.
