Photo by Brandon Griggs on Unsplash

Bruce Power has announced an affordable housing seed funding program that aims to assist surrounding municipalities with new projects.

"Access to safe and affordable housing is something that should be available to everyone," read a recent media release from Bruce Power. The program offers grants to assist municipalities in Bruce Grey and Huron counties with the planning and pre-development costs associated with building new affordable housing projects.

The program will provide $250,000 over five years to help stimulate the development of new, affordable housing, the release said, assisting with eligible activities including grant applications, rent supplement programs, consulting work, planning fees, project viability study, energy modelling study and accessibility modelling study.

Minimum requirements include economic sustainability, affordability, and housing for those in greatest need.

Proposed rents must be affordable (at or below 80 percent of the average market rents); there must have a minimum of five affordable housing units; the primary must be residential; the project must be located in Bruce, Grey and Huron counties; and the applicants must be a municipal or county entity.