Closed
Region of Waterloo Property Tax Exemption Program
Property tax relief for affordable housing providers
Last Update: April 29, 2026
Funding available
Varies by project
Timeline
- Receipt of requests is now closed
Location
Ontario, Canada
Overview
This program provides a property tax exemption for eligible affordable housing providers in the Region of Waterloo. It supports affordable rental housing projects and operations that maintain below-market rents and long-term affordability.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Enhance an existing program
- Strengthen organizational capacity
Eligible Funding
- Varies by project
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Real estate and rental and leasing
- Health care and social assistance
Location
- Ontario
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- New rental housing construction
- Conversion of non-residential buildings to rental housing
- Addition of new rental units to existing sites
- Preservation of existing affordable rental housing
- Rental units under the Housing Services Act, 2011
Documents Needed
- Application form
- Property description
- Financial statements from the last two years
- Lease agreements for existing tenants in affordable units
- Required appendices for the application package
Eligibility
Who is eligible?
- Non-profit housing providers
- Co-operatives
- For-profit housing providers
- Indigenous housing providers
- Community land trusts
Who is not eligible
- Nursing and retirement homes
- Shelters and crisis care facilities
- Student residences
- Hotels and motels
- Condominium-registered rental housing
Eligible geographic areas
- Waterloo Region, Ontario
Processing and Agreement
- Applications are reviewed as received on a pass-or-fail basis.
- The Region may contact applicants about missing or unclear information.
- Successful applicants sign an agreement with the Region.
- The Region then notifies MPAC to apply the exemption.
Additional information
- Applications are accepted on a rolling basis.
- Successful applicants enter into an agreement with the Region.
- The exemption applies only to the Regional and education portions of property taxes.
- MPAC may take six to twelve months to process the exemption.
Contacts
Frequently Asked Questions about the Region of Waterloo Property Tax Exemption Program Program
Here are answers to the most common questions about the Region of Waterloo Property Tax Exemption Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Region of Waterloo Property Tax Exemption Program?
This program provides a property tax exemption for eligible affordable housing providers in the Region of Waterloo. It supports affordable rental housing projects and operations that maintain below-market rents and long-term affordability.
Who is eligible for the Region of Waterloo Property Tax Exemption Program program?
To be eligible for the Region of Waterloo Property Tax Exemption Program program, you must:
Affordable rental housing provider
Six-unit minimum or HSA project
Meets affordability requirements
What expenses are eligible under Region of Waterloo Property Tax Exemption Program?
New rental housing construction
Conversion of non-residential buildings to rental housing
Addition of new rental units to existing sites
Preservation of existing affordable rental housing
Rental units under the Housing Services Act, 2011
Who can I contact for more information about the Region of Waterloo Property Tax Exemption Program?
You can contact Region of Waterloo by email at PropertyTaxExemptionforAffordableHousing@regionofwaterloo.ca or by phone at 519-575-4400.
Where is the Region of Waterloo Property Tax Exemption Program available?
The Region of Waterloo Property Tax Exemption Program program is available the province of Ontario.
Is the Region of Waterloo Property Tax Exemption Program a grant, loan, or tax credit?
Region of Waterloo Property Tax Exemption Program is a Other Support
Who are the financial supporters of the Region of Waterloo Property Tax Exemption Program?
Region of Waterloo Property Tax Exemption Program is funded by Region of Waterloo