The extra funding will help get 3,600 new rental units under construction including 545 with more affordable rents.
City building | April 14, 2026
Council has approved an increase in funding for the Affordable Rental Housing Community Improvement Plan (CIP) from $44 million to $70 million. The CIP offers grants for developers who want to build rental buildings with affordable units. The grants must be spent by July 31, 2027.
The additional funding for the program will come from the City’s third instalment of the federal Housing Accelerator Fund.
Strong interest in the program
The CIP is designed to quickly increase the supply of rental housing, including affordable and below-market units. The program provides financial incentives for private and non-profit developers, including grants and the waiving of certain fees, to help offset the costs of shovel-ready rental projects with affordable units.
Developers and homeowners have shown strong interest in the CIP since it was adopted in July 2024. The new funding is expected to help get more than 3,600 new purpose-built rental units under construction, including 545 with more affordable rents.
Council also approved an additional $1 million to the CIP to help continue to fund gentle density rebates. To date, the CIP has funded over $562,000 in rebates for homeowners who added second, third and fourth units in neighbourhoods. It has supported over 580 additional residential units and three fourplex applications.
The success of the CIP underscores the City’s ongoing leadership to improve housing supply and make affordable rentals more accessible for residents with moderate incomes.
Building more homes, faster
The CIP is one part of the City’s broader efforts to bring down the cost of renting or owning a home and make it easier to build more housing.
In January 2025, Council adopted the Mayor’s motion to further reduce development charges (DC) in Mississauga. Under the City’s incentives program, DCs for purpose-built rental apartments have been reduced by 100 per cent for 1-bedroom + den, 2-bedroom and 3-bedroom units. All other residential units benefit from a 50 per cent DC reduction.
Mississauga Official Plan 2051 sets a strong vision for the future of the city and brings new policies that will allow for the construction of more than 370,000 new residential units city-wide by 2051.
The CIP aligns with the City’s goals to support affordability, accessibility and aging in place. Building more purpose-built rental units fulfils key actions under the City’s Action Plan for New Housing and recommendations from the Mayor’s Housing Task Force.