Ontario Priorities Housing Initiative (OPHI)
The Ontario Priorities Housing Initiative (OPHI) is a strategic program aimed at increasing the supply of affordable community rental housing in Durham Region. Administered by the Region of Durham in partnership with the Ministry of Municipal Affairs and Housing (MMAH), OPHI provides financial support to non-profit, municipal, and co-operative housing organizations, as well as private sector companies in partnership with these entities.
Key Objectives:
- Develop a diverse range of affordable housing options.
- Facilitate mixed-income communities that are well-designed and integrated within the broader community.
- Support urban revitalization and intensification.
- Improve live/work relationships.
- Reduce community housing wait lists.
- Promote energy efficiency and accessibility in housing developments.
- Provide housing with supports for vulnerable populations.
Funding Details:
OPHI funding is provided as a forgivable loan, covering up to 75% of the capital costs for eligible affordable units. Projects must be financially viable, with rents at or below 80% of the Canada Mortgage and Housing Corporation (CMHC) average market rent for a minimum of 20 years. Units must be modest in size, and construction must begin within 120 days of signing the Service Manager Municipal Housing Contribution Agreement.
Eligibility:
Eligible projects include new construction, acquisition and rehabilitation of existing buildings, and conversion of non-residential buildings to rental units. Applications must demonstrate strong development, property management, and financial capabilities.
Application Process:
Applications for OPHI have now closed.
Submit a new application