Grants
Northern Housing Incentive
Northern Development Initiative TrustDescription
The Northern Housing Incentive program provides grant funding to local governments to create a ‘Dollars to the Door’ program that will enhance and support economic development by incentivizing private sector housing developments. The Northern Housing Incentive program is intended to incentivize the creation of new market-based housing units in communities across Northern B.C., which will, in turn, retain seniors and attract workforce and thereby increase business and employment opportunities.
Eligibility
Who can apply? Local Governments.
Funding
Local governments are eligible to receive a grant of up to $10,000 per dwelling created in a multi-unit market housing project to a maximum contribution of $200,000.
Example: Local Government ‘A’ has secured a developer who wishes to build 10 new townhomes in the community. The local government can then apply for the Northern Housing Incentive Program for $100,000 ($10,000/unit). If approved, the grant provided to the local government must be passed along to the developer as a direct incentive upon completion of the development.
How to Apply
Please review all program documents in detail as incomplete applications will not be reviewed. Completed application forms with all supplementary materials should be provided electronically to Northern Development by email to [email protected]Application Period
Northern Development will receive and approve Northern Housing Incentive applications on a quarterly basis. Applications must be received prior to midnight on the intake deadline day to be eligible for consideration in that funding cycle. In fairness to all grant applicants, grant applications that are received after the quarterly deadline will not be considered.