In August 2024, the City approved the Affordable Rental Housing Community Improvement Plan (CIP) to offer incentives to private and non-profit developers building new affordable rental units in Mississauga. The CIP has a $70 million budget and is funded in part, by the federal Housing Accelerator Fund (HAF).
The CIP is the overarching tool that allows the City to offer both this incentive program as well as The Gentle Density Incentives Program.
The program provides incentives to private and non-profit developers who are building new affordable rental units in multi-unit buildings. Affordable units have rents that are at or below 100% average market rent.
The current maximum monthly rents (based on 2025 data) are:
These amounts will be updated annually in accordance with the Provincial Affordable Residential Units for the Purposes of the Development Charges Act, 1997 Bulletin. If utilities are to be charged separately, the maximum amount that can be charged must not exceed the values identified in Tables 4-8 of Determination of Geared-To-Income Rent Under section 50 of the Act (Ontario Regulation 316/19).
To be eligible for the program, each rental building must have at least five affordable or below-market units and maintain a 25-year affordability term. The affordable units must also meet minimum unit size requirements.
Nine rental developments have received conditional funding under the program. These projects will bring 2,492 new purpose-built rental units to Mississauga including 527 with affordable and/or below-market rents.
Shovel-ready projects that met the eligibility criteria were prioritized during the selection process. A full or conditional foundation-to-roof or building permit must be in place by July 31, 2027.
| Applicant | Address | Number of affordable units | Expected construction period |
|---|---|---|---|
| 2421845 Ontario Inc. | 6020 Winston Churchill Boulevard | 4 | Spring 2026 to Fall 2027 |
| Kindred Works / United Church of Canada (not-for-profit) | 4094 Tomken Road | 78 | November 2026 to December 2029 |
| St. Luke’s Dixie Senior Residence Corporation (not-for-profit) | 4150 Westminster Place | 70 | June 2026 to June 2028 |
| FSIG Elmwood GP Inc. (not-for-profit) | 7 Elmwood Avenue | 25 | October 2026 to December 2027 |
| Anthem Developments Inc | 1407 Lakeshore Road | 5 | Summer 2026 to Summer 2028 |
| Intentional Capital | 65-73 Agnes Street | 72 | November 2026 to February 2030 |
| Mahogany Management | 50 High Street | 85 | June 2026 to January 2028 |
| Emblem | 180 Burnhamthorpe Road West | 94 | March 2026 to May 2030 |
| 2729740 Ontario Inc. (Camrost) | 152 Burnhamthorpe Road West and 135 Webb Drive | 94 | July 2026 to July 2030 |
If another instalment of HAF is received, or a project conditionally funded through a previous round chooses to opt out of the program or fails to progress, one of these projects could move forward (in no particular order).
| Applicant | Address | Number of affordable units | Expected construction period |
|---|---|---|---|
| Blackrock Aquitaine II Limited | 6719 Glen Erin Drive | 136 | June 2026 to 2029 |
| REST Centre | 3052 Coral Drive | 7 | January to June 2027 |
| Your Home Developments | 5034, 5054, 5080 Ninth Line | 65 | January 2028 to July 2029 |
For more information about the Affordable Rental Housing Community Improvement Plan, email housingincentives@mississauga.ca.