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The Affordable Laneway Suites Pilot Program offers eligible property owners a forgivable loan of up to $50,000 as funding for the development of a laneway suite.
The City of Toronto offers support through the Affordable Laneway Suites Pilot Program, which provides a forgivable loan of up to $50,000 to eligible property owners engaged in laneway suite development. The loan becomes forgivable 15 years from the date when a tenant initially occupies the laneway suite. During this 15-year period, the rent charged must align with the City of Toronto's Average Market Rent.
Repayment is required under two conditions:
You have the option to submit an application for the City of Toronto Development Charges Deferral Program. Under this program, the charges for deferral will be postponed for a period of 20 years, starting from the date of issuance of the building permit.
The setback regulations in Toronto are as follows:
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