In progress City project

Affordable Rental Housing Community Improvement Plan

Through the Community Improvement Plan, the City is creating an incentive program to encourage the development of affordable rental housing across Mississauga.

Subscribe for updates to stay informed on this initiative.

Subscribe

Milestones
  1. 1
    Launch

    Designate the Community Improvement Plan project area

  2. 2
    Analyze

    Evaluate incentive options and program design

  3. 3
    Consult

    Engage developers and industry partners

  4. 4
    Approve

    Present a report to the Planning Committee for approval

Overview

The Affordable Rental Housing Community Improvement Plan (CIP) is a city‑wide project to increase affordable rental housing in Mississauga. Through consultation with developers and industry partners, the City is exploring incentives for developers that build rental housing in Mississauga.

After the consultation phase is complete, City staff will present a report to Council in spring 2024. This report will outline a proposed city-run incentive program for affordable rental housing units.

The plan aims to create at least 100 new affordable rental units each year over a three-year period, with potential to extend beyond three years. Increasing the number of rental units across the City can help us get closer to our goal of achieving a rental vacancy rate of three percent. It will also help us meet municipal housing targets set by the Province of Ontario.

Once implemented, the program will allow the City to provide certain financial incentives, such as tax assistance, grants or loans, to stimulate private and non-profit sector investment in new affordable rental housing. The program will also be designed so that it can be combined with incentives from other levels of government, such as the Region of Peel Affordable Rental Incentives Program and Canada Mortgage and Housing Corporation grant or loan programs.

Proposed incentives

In preparing this plan, the City will attempt to strike a balance between the value of incentives offered and the impact those incentives will have on the affordability of a unit. The evaluation will also consider recent legislative changes and their impact on affordable rental housing construction.

New units will need to meet defined affordability criteria to be considered for incentives. The incentives may be based on unit type, location, level of affordability and other factors. The program may include both financial and non-financial incentives such as:

  • Capital grants
  • Development charge deferrals or grants
  • Planning application and building permit fee relief
  • Parkland dedication exemptions
  • Parking reductions
  • Property tax grants
  • Expedited application processing

Consultation

Staff is preparing for public consultations to get community and industry feedback on the plan. Consultations will take place in spring 2024 and include a statutory public meeting.

The City will work with the development community to identify incentives that would encourage or prompt developers to build affordable rental units in Mississauga. The findings from these consultations will shape the proposed incentives that we recommend to the Planning and Development Committee in spring 2024.

Background

The need for affordable housing is an important issue, affecting one in three households in Mississauga, and a priority of the City. Renters are facing greater affordability issues than homeowners due to a lack of supply of affordable rental units.

The Affordable Housing Strategy was developed in 2017 to combat affordability issues. As part of the strategy, the plan was launched in 2019 to address low supply of new and existing rental units, as well as low rental vacancy rates.

A Community Improvement Plan allows municipalities to designate a geographic project area where development is needed to address local priorities. A city-wide Community Improvement Project Area was designated by Council in July 2019.

The project was put on hold temporarily due to the COVID‑19 pandemic and changing provincial legislation.

In December 2023, the federal government and the City of Mississauga announced a $112.9 million agreement under the Housing Accelerator Fund to help deliver more homes and improve affordability. A portion of that funding is allocated to incentives that boost the development of affordable rental housing under the program.

Our progress

As of 2023, nearly 90 percent of the Affordable Housing Strategy’s 40 actions have been completed or are in progress. Mississauga has also pledged to meet the province’s 2051 growth target. Growing Mississauga: An Action Plan for New Housing identifies the Affordable Rental Housing CIP as one of the key actions the City will take to get more homes built, streamline building approvals and make homes more affordable.

For more information on how we’re addressing the housing crisis, read about our strategy Making Room for the Middle.

By-laws and reports

Project contact details

For questions about the Affordable Rental Housing Community Improvement Plan, contact the project team:

Catherine Parsons
Email: catherine.parsons@mississauga.ca

Paulina Mikicich
Email: paulina.mikicich@mississauga.ca

This plan is part of the City's Affordable Housing Strategy

View all projects