Affordable and Rental Housing in Cobourg
2022 Affordable & Rental Housing Community Improvement Plan (CIP) Application Intake
The Town of Cobourg is excited to announce the intake for the Affordable & Rental Housing Community Improvement Plan (CIP) for 2022. The CIP provides a comprehensive tool kit of financial incentive programs specifically designed to help stimulate the development and availability of affordable and rental housing in the community. The CIP is also aimed at encouraging the implementation of sustainable, urban and accessible design, particularly associated with affordable and rental housing projects.
To address Cobourg's housing shortage, a priority has been set to increase the supply of purpose-built rental housing, smaller units, second units, mixed-income developments and emergency and transitional housing.
| Incentives |
| Incentives contained within the CIP include grants and/or loans to cover a portion or all relevant application fees, development charges, parking levies, property tax increases and eligible construction costs associated with new affordable and rental housing units. |
| Programs Included in the CIP |
| Specifically, the CIP includes the following programs: • Building & Planning Fee Waiver/Reduction Program • Development Charge Grant Program • Property Tax Increment Grant Program • Renovation & Construction Grant/Loan Program (Second Units) • Cash-in-Lieu of Parking Reduction program • Universal Design Grant/Loan Program* • Sustainable Design Grant/Loan Program* • Brownfield Redevelopment Grant Program* *these programs only apply to proposals that include affordable housing. |
| Who Can Apply? |
|
The 2022 CIP program will apply to eligible affordable and rental housing proposals in the Town of Cobourg in accordance with the CIP program requirements. Proposals may be submitted by: • Cobourg property owners |
| Application Deadline |
| The deadline to submit a proposal application to the Town of Cobourg is Friday, September 30, 2022. |
| How Can I Apply? |
|
Interested applicants can download one of the application forms below: Review the following documents for more information:
|
| Important Documents and Links |
|
| Contact Information |
| Should you wish to obtain additional information regarding the Affordable & Rental Housing CIP and the 2022 CIP Application Intake, please contact the Planning Department, at 55 King St. West, Cobourg, 905-372-1005 or planninginfo@cobourg.ca. Updates regarding the CIP Intake process will be communicated using a variety of multi-media platforms over the coming weeks and prior to the above deadline. |
I'd Like To...
Apply
