Rapid ADU Deployment Program: Financial Incentives

Rapid Accessory Dwelling Unit (ADU) Deployment Program grants are now open! 

Council has approved this incentive program to encourage the creation of ADUs in Collingwood, providing much-needed rental options for the community. Please note that these incentives are limited to the first 20 eligible participants who successfully obtain Zoning Certificates and Building Permits. Check the eligibility requirements below. The program is structured as follows:

Rapid ADU Grant #1
After receiving zoning certificate and building permit approval, participants who sign a statement agreeing to rent out the unit year-round for at least five years will receive a grant of $5,628.62. This includes $5,000 to help cover ADU start-up costs such as design, site preparation, materials, construction labor, and more, as well as $628.62 that compensates for certificate and permit fees.

County of Simcoe Second Suites Program
We encourage landowners to look into the County of Simcoe’s Second Suite Program which provides forgivable loans up to $30,000 to homeowners who commit to renting at an affordable rate for 15 years. Full program details can be located on the County of Simcoe’s website.

Rapid ADU Grant #2
To further motivate homeowners to rent at an affordable rate, the first 20 homeowners approved for the County of Simcoe's Second Suites Program will receive an additional $5,000 incentive from the Town of Collingwood as a recognition of their commitment to affordable renting.

The maximum incentive amount from the Town of Collingwood for this program is $10,628.62. 

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Other ADU Funding Opportunities

The federal government also offers a new tax credit for families building on their existing property to offer licing space to relatives in need. The Multigenerational Home Renovation Tax Credit (MGHRTC) is a refundable credit to assist with the cost of renovating an eligible dwelling to establish a secondary unit that entables a qualifying individual (a senior or an adult who is eligible for the disability tax credit) to live with a qualifying relation. For more details visit the Government of Canada's MGHRTC website.