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Investing in Affordable Housing for Ontario 2014 Extension RFP Information Meeting March 25, 2015.

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Presentation on theme: "Investing in Affordable Housing for Ontario 2014 Extension RFP Information Meeting March 25, 2015."— Presentation transcript:

1 Investing in Affordable Housing for Ontario 2014 Extension RFP Information Meeting March 25, 2015

2 Welcome

3 Agenda Items Investing in Affordable Housing for Ontario 2014 Extension (IAH-E) Program Overview NRH Request for Proposal Overview Review of Submission Forms Affordable Rental Housing Need in Niagara Q & A

4 IAH-E Program Overview 75%* of eligible costs or up to $150,000* per unit in funding Forgivable loan registered on title in 2 nd position NRH has flexibility to set local rules and priorities Focus on Seniors, persons with disabilities Supportive housing Use of apprentices or apprenticeship programs Long term financial viability

5 Important Dates May 1, 2015 at 12noon – RFP Submission deadline July 2, 2015 Council Approval of Recommended Projects Summer 2015 – Conditional Letters of Commitment from MMAH November 18, Deadline for signing CA Ownership of land before November 2015 CA registered on title March 18, 2016 – Deadline for Construction start

6 Projected Program Timeline

7 RFP Overview Read all sections and review all submission forms Don’t forget to include all Forms #1-14 (name, signature, date as required) Copy of Proof of Incorporation Document any partnerships with letters or agreements Talk to your local planners!

8 Submission Forms

9 Lincoln (Beamsville) Fort Erie Niagara Falls NOTLPelham Port Colborne Grimsby West Lincoln (Smithville) St. Catharines Thorold Wainfl eet Welland Total Waiting List Seniors No Dependents With Dependents CHR - Chronological MKT - Market SPP – Special Priority URG – Urgent HML – Homeless SUP - Supportive Bachelor Bedroom Bedroom Bedroom Bedroom Bedroom NRH Waitlist by City, Priority and Bedroom Size

10 Tenant Eligibility All proposed tenants have to meet NRH eligibility to be on our waitlist (see for more details)www.nrh.ca At least 16 years of age At or below the annual maximum Household Income Limits (HILs) – see RFP Documentation on tenant files (may be subject to audit) No annual income reviews required (just verification of initial incoming HIL)

11 Questions?


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