The Housing CIP applies city-wide and is intended to encourage rapid investment in new housing units by providing financial incentives and other programs to facilitate the development of housing supply, with an emphasis on affordable housing, across Barrie.
Incentive Programs
The following Housing CIP programs are being offered in 2024:
Purpose
The goal of the Housing CIP is to increase the supply of housing units and rental housing units, and to accelerate the construction of new housing throughout the City of Barrie, by using financial incentives and other programs to reduce the cost of new housing development for non-profit and market/for-profit developers seeking to deliver affordable options and market-rate rental housing.
The objectives of the Housing CIP are:
- Rapidly increase the construction of new residential units;
- Facilitate the development of affordable rental housing by providing financial support;
- Increase the overall number of affordable rental housing units within the City;
- Increase the overall number of affordable ownership housing units within the City;
- Assist in the achievement of the Official Plan’s affordable housing targets, being 15 percent of new housing units across the City, and 20 percent of new housing units within the Urban Growth Centre and Major Transit Station Areas;
- Support the provision of a variety of affordable housing unit types, including a mix of unit sizes, across the continuum of housing options;
- Accelerate the construction of medium and high-density housing that has received approvals but is facing financial barriers to completion; and
- Reinforce the provision of affordable housing as a community priority.
Evaluation
View the Housing CIP Scorecard and Development Services Housing Bulletin for key details on how proposals are evaluated.