Peel Affordable Rental Incentives Program
We're providing funding for developers to build affordable rental housing in Peel.
This capital grant program is designed to support private and non-profit developers building affordable rental housing.
We are offering up to $10 million in funding through the 2023 Call for Applications.
Access additional program information.
Program launch
The 2023 call for applications is now closed and applications are under review. Please continue to check our website for future updates.
Successful projects
These projects participated in the Peel Affordable Rental Incentives Program and were approved by Regional Council to receive funding:
- 40 Lagerfeld Dr., Brampton
- 4094 Tomken Rd., Mississauga
- 2340 Confederation Pkwy., Mississauga
Other information
This information is for successful proponents under the PARIP to determine appropriate rental rates and household income limits annually when completing the Annual Occupancy Report.
If you have any questions about how to use these tables, e-mail us.
| Municipality | Bachelor | 1-bedroom | 2-bedroom | 3-bedroom |
|---|---|---|---|---|
| Brampton | $1,300 | $1,570 | $1,680 | $1,800 |
| Caledon | $1,300 | $1,570 | $1,680 | $1,800 |
| Mississauga | $1,100 | $1,480 | $1,620 | $1,794 |
Contact us to confirm annual rental rates that apply to your project.
Source: Canada Mortgage and Housing Corporation, Housing Market Information Portal, Median Market Rent by municipality, for apartments only, 2022 October
Household income and maximum rental rate by decile (2022)
Low-income
| Decile 1 | Decile 2 | Decile 3 | |
|---|---|---|---|
| All Peel households annual gross income (up to) | $41,451 | $63,290 | $82,456 |
| Maximum monthly rent (30% of monthly income) | $1,036 | $1,582 | $2,061 |
| Peel renter households annual gross income (up to) | $26,297 | $40,114 | $53,485 |
| Maximum monthly rent (30% of monthly income) | $657 | $1,003 | $1,337 |
Medium-income
| Decile 4 | Decile 5 | Decile 6 | |
|---|---|---|---|
| All Peel households annual gross income (up to) | $101,398 | $120,341 | $141,512 |
| Maximum monthly rent (30% of monthly income) | $2,535 | $3,009 | $3,538 |
| Peel renter households annual gross income (up to) | $66,856 | $80,227 | $94,713 |
| Maximum monthly rent (30% of monthly income) | $1,671 | $2,006 | $2,368 |
High-income
| Decile 7 | Decile 8 | Decile 9 | Decile 10 | |
|---|---|---|---|---|
| All Peel households annual gross income (up to) | $167,140 | $200,568 | $254,052 | Greater than $254,052 |
| Maximum monthly rent (30% of monthly income) | $4,178 | $5,014 | $6,351 | |
| Peel renter households annual gross income (up to) | $111,426 | $132,598 | $169,368 | Greater than $169,368 |
| Maximum monthly rent (30% of monthly income) | $2,786 | $3,315 | $4,234 |
Proponents with approved PARIP projects: Contact us.
Source: Peel Data Centre and Planning and development Services, 2022
Electricity allowance (2022)
| Unit type | Electricity allowance |
|---|---|
| Bachelor or 1-bedroom unit | $35 |
| 2-bedroom unit | $50 |
| 3-bedroom unit | $55 |
Note: Not all PARIP projects will be required to reduce rental rates by electricity allowance amount. Contact us for more information.
Source: Ontario Regulation 316/19, accessed Oct. 10, 2023, Table 4 (rows 1 and 2), Table 5 (rows 8 and 9), rounded.
As of August 2023, a total of 97 affordable rental units have been funded or approved for funding through the program.
Review the Regional Council reports related to the Peel Affordable Rental Incentives Program:
- June 2023 – Peel Affordable Rental Incentives Program Update and 2022 Results
- July 2022 – Peel Affordable Rental Incentives Program – Evaluation Results and Future Program Implementation
- November 2021 – Affordable Housing Incentives Pilot Program 2021 Update and Results
- July 2020 – Region of Peel Affordable Housing Incentives Pilot Program
In 2018 we completed a Housing Strategy and Peel Housing and Homelessness Plan (PHHP). We identified a need for more affordable housing for low and middle-income households. 30% of all Peel households face affordability challenges.
The goal of the PHHP is to work with our partners to increase affordable housing and prevent chronic homelessness.
The PHHP includes 5 pillars to help people get and keep housing:
- Transform service
- Build more community housing
- Maximize planning tools and incentives
- Optimize existing stock
- Increase supportive housing.
This program advances pillar 3, maximize planning tools and incentives, and targets low- and middle-income households. This program also supplements other affordable housing initiatives, including Peel’s Housing Master Plan.
Regional Council approved the Affordable Housing Incentives Pilot Program on July 9, 2020, based on recommendations from the final report.
Peel Region launched a competitive, criteria-based application process for the Affordable Housing Incentives Pilot Program in 2021.
On July 7, 2022, Regional Council approved the pilot program as a permanent program, now named the Peel Affordable Rental Incentives Program.
- Peel makes affordable housing incentives pilot program permanent
- Region of Peel giving $2.5 million in grant funding to incentivize developers to build affordable rentals
- Peel Region Launches Affordable Housing Incentives Pilot Program Incentivizing Affordability
- Region encouraging middle-income housing for Brampton, Mississauga
- Peel Launches Annual Peel Affordable Rental Incentives Program
Pilot program background materials
Local municipal housing studies, strategies, and resources
If you would like to receive updates about the affordable rental incentives program, email us.
If you need a housing subsidy, or are looking to access an affordable housing unit, visit Housing or call 905-453-1300 to speak to a staff member.
Program timeline
September 2023
Call for applications closes on September 15. Applications now under review.
June 2023
Call for applications opens June 13.
November 2022
Call for applications closes on November 4. Applications now under review.
September 2022
Kick-off event on September 7 before the call for applications on September 13.
July 2022
Regional Council approves the 2022 Peel Affordable Rental Incentives Program.
January to May 2022
Staff evaluate the program.
November 2021
Regional Council passes by-laws authorizing funding for 130 affordable units.
August 2021
Staff review applications.
July 2021
Call for applications closes on July 12.
May 2021
Launch event on May 18 before launching the pilot program on May 31.
July 2020
Regional Council endorses the pilot program framework on July 19.
May 2020
Second stakeholder consultation is held on May 12.
2019
N. Barry Lyon Consultants (NBLC) are retained to help develop the program. We host our first stakeholder consultation on September 19.
2018
Regional Council endorses the Peel Housing Homelessness Plan.
