The Rental Construction Incentive helps municipalities to develop new purposely-built rental housing provides municipalities with a provincial grant of up to $5,000 to match municipal grants or incentives to an owner for each eligible new rental unit constructed
- To be eligible for the maximum grant, the municipality must provide an incentive of $5,000 per unit.
- The municipality may provide that incentive either in the form of the equivalent of the municipal property tax for a period up to five years, or other equivalent (e.g. land), or an up-front incentive.
- Purposely-built new rental unit construction (e.g. apartment, row, etc.) and nonresidential property conversion to rental units are eligible. Units started or under construction over the life of the program (2011-2015) are also eligible.
- Buildings/projects that are receiving funding under other provincial government housing development programs are not eligible for this funding.
Municipalities offering incentives must register with Saskatchewan Housing Corporation (SHC) stating their intent and describing their program, including the type of incentive offered and the estimated number offered per year.
Saskatchewan Housing Corporation Phone: (306) 933-6292 Toll free: (866) 245-5758 RCI Program Email