Quote:
Originally Posted by steveosnyder
I believe they have limits to the size:cost ratio... If it's a 2BR place and they charge less than $x a month, they can get this much in tax breaks, if they charge between $x and $y they get this much, and if they charge more than y they can't qualify.
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Not quite.
Eligibility
•Landlords must be residents of Manitoba or have a permanent business in Manitoba.
•Housing can be either for-profit, not-for-profit, or non-profit housing co-operatives.
•Projects must include the construction of five (5) or more new residential rental units.
Other Requirements
•At least ten percent (10%) of the units in an eligible project must be affordable housing.
•Landlords will be required to report on their affordable units annually for five years.
10% have to be affordable which has a maximum rent and maximum salary of the tenant.