Hay River Residential Grant Program
January 31, 2025
For Immediate Release
Application process is now open for the Town of Hay River $2 million Residential Housing Grant Program
Hay River, NT – The Town of Hay River is now accepting applications for Phase 1 of its new Residential Development Grants Program, aimed at encouraging the construction of affordable residential units within the community. This initiative will contribute $2 Million in financial incentives to eligible property owners and developers through unit-based grants for new multiunit residential projects.
The Residential Development Grants are designed to stimulate housing growth by offering contributions for the creation of multi-family dwellings, accessory dwelling units, and retrofits of buildings resulting in incremental multi-family dwellings. The program supports the Town’s Strategic Housing Plan by increasing the availability of affordable, diverse housing options while promoting sustainable development.
Key Features of the Program Include:
• Funding Amounts: Grants of up to $35,000 for new multi-family residential units and $20,000 for accessory dwelling units.
• Eligibility Criteria: Property owners and developers in good standing with the Town can apply, provided their projects meet specified requirements.
• Phased Approach: The first step in the phased approach is a call for applications for new, including retrofit, multi family housing developments. Applications for Phase One of the Residential Development Grants will be accepted up to April 25, 2025.
Pending uptake of Phase One of the Grant Program, Phase Two (grants for accessory dwelling units) will be initiated in May 2025.
“We recognize the need for diversified, affordable housing options in our community, and these grants are a vital step towards addressing that need,” said Mayor Jameson of the Town of Hay River. “By providing financial support, we aim to encourage developers to invest in our community and enhance the quality of life for all residents through affordable housing options.”
For more information about the Residential Development Grants Program, please contact our Director Infrastructure and Planning Services at ipsdirector@hayriver.com or visit www.hayriver.com/housing-grant
About the Town of Hay River: The Town of Hay River is committed to fostering a vibrant community by enhancing economic development, supporting local initiatives, and improving the quality of life for its residents.
Media contact:
Glenn Smith
Senior Administrative Officer
Town of Hay River
sao@hayriver.com
(867) 874-6522