The Manitoba government has issued a request for proposals (RFP) from qualified organizations interested in creating homeownership opportunities for low- to moderate-income families.
“Owning a home can provide a sense of safety, security and pride for families,” said Families Minister Scott Fielding.
Manitoba Housing has allocated $1 million for two RFPs as part of its affordable homeownership development programs. The first seeks projects to provide capital funding for new construction, renovating existing homes and conversions. The second focuses on home buyer assistance, which could include funding for down payment and closing costs.
Eligible RFP applicants include municipalities, private and public or municipal non-profit housing corporations, housing co-operatives and private developers.
Projects must focus on homeowners whose total household income is at or below $71,255. Homes must contain two or more bedrooms, either as detached, semi-detached, duplex or attached units.
Manitoba Housing is able to provide a one-time fully-forgivable loan and will waive repayment if selected terms and conditions are met. Loans may be provided on a per-unit basis and the amount of the loan will be determined based on the project details.
The maximum amount of financial assistance available through both RFPs is $70,000 per unit.
The province will use a competitive process to select the most appropriate and cost-effective proposals. Intake is now open, with a deadline of 4 p.m., Friday, October 6.
The RFP documents and related information are available online at www.gov.mb.ca/housing/progs/rfp-homeownership-2.html.