Residential Housing Development Grant

NEW CONSTRUCTION GRANT

$35,000 grants will be made available for new multi family dwelling units.  Details coming in October 2024.

RETROFIT GRANT

$35,000 grants will be made available for retrofit construction resulting in incremental multi-family residential dwelling units.  Details coming in October 2024.

SECONDARY SUITE GRANT

$20,000 grants will be made available for new living/secondary, garage or garden suites.  Details coming soon.

Details of the Residential Development Grants Policy.

Download the full Residential Grants Policy 

A program budget of two million dollars ($2 million) has been earmarked for the HAF incentives. This program will be fully funded by the CMHC/THR contribution and has checks and balances in place to ensure that the incentive funding stays within the timelines of the contribution and that there are controls in place for adherence to the policy. The Policy also includes parameters for repayment of grants if applicants do not comply with the terms of the grant Policy.

Administration is exploring with legal council whether amounts owing from non-compliance with the Policy could be transferred to property tax accounts as a method of streamlining the collection process. With the upfront controls and partial payment approach to the Policy, it is not anticipated that there will be a lot of non-compliance grant recovery required.

The proposed Residential Development Grants Policy aims to help address the core housing needs of Hay River by providing financial support for housing construction that aligns with the priorities of the Hay River Strategic Housing Plan. The Policy outlines funding for up to $35,000 for new dwelling units, $20,000 for new living/secondary, garage or garden suites, and $35,000 for retrofit construction resulting in incremental multi-family residential dwelling units.

To fund the Policy, the Town of Hay River entered into a contribution agreement with CMHC for the Housing Accelerator Fund (HAF). There are nine initiatives under that agreement, one of which is to develop a housing incentive program. The attached Policy was developed following an extensive cross-jurisdictional review of housing incentive programs in Canadian Municipalities and has been reviewed by CMHC for alignment with the CMHC/THR HAF contribution agreement.