Sault Ste. Marie Housing CIP, Tax Increment Equivalent Grant
Also known as: SSM Housing TIEG
For residential projects of 5+ new units in Sault Ste. Marie, the Housing CIP's TIEG hands back the municipal portion of your post-construction property-tax increase as an annual grant. The rebate percentage and duration scale with your share of affordable units, running 3 to 19 years, a published example gives a 9-unit building with 1 affordable unit 100% rebates for 4 years tapering to 25% by year 7. Detailed rate tables are in the city's application documents.
Key facts
- Amount
- Annual grant reimbursing the municipal portion of the property-tax increase from residential development of 5+ units. Rebate value and term scale with the percentage of affordable units, 3 to 19 years. Published example (1 affordable unit of 9): 100% rebate years 1-4, then 75% (yr 5), 50% (yr 6), 25% (yr 7).
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3 to 19 years, depending on the percentage of affordable units
- Instrument
- Grant (non-repayable)
- Status
- Open while funds last allocations can run out before the window closes; confirm before applying
- Who qualifies
- Property owners and developers Nonprofits and charities
- developer
- property-owner
- nonprofit
- Residential developments of 5 or more new units
- Higher percentage of affordable units earns a larger rebate over a longer term
- Affordable units must remain affordable for 20 years under city agreement
saultstemarie.ca · Last verified Oct 1, 2026 · Auto-checked against official source
- Where
- Algoma DistrictThis program is limited to one district.
1 of 11 Northern Ontario districts are eligible for this program. A filled dot is eligible, an outline is not.
How do you apply?
Call first. This funder expects contact with a program officer before you apply.
- Pre-consultation with city housing staff
- Application (downloadable rate schedule accompanies the form)
- Affordability agreement
- Annual grant paid against the municipal tax increment after completion
saultstemarie.ca · Last verified Oct 1, 2026 · Auto-checked against official source
Common questions
What project size qualifies?
5 or more new residential units. Projects of 1-4 units use the Per Door Grant instead.
How long does the rebate last?
3 to 19 years depending on the percentage of affordable units, more affordability, longer and richer rebate. The exact tier table is in the city's downloadable program documents.
What counts as affordable?
Rents at or below the provincial Affordable Residential Units bulletin benchmarks for the city, held for 20 years under an agreement with the City.
Other streams of Sault Ste. Marie Housing Community Improvement Plan
Funders publish these as one program with several streams. The terms differ by stream.
- Sault Foundations Grant (Feasibility Study, Non-Profit Missing Middle), Not published
- Sault Ste. Marie Housing CIP, Per Door Grant Program, Up to $160,000
Where else could this money come from?
Chosen by what these programs have in common with this one, not by hand. The reason is shown for each, so you can judge whether it holds.
-
Economic Growth Grant Program (EGCIP)
Open, continuous intake same funder (City of Sault Ste. Marie); both for small business, expansion; tieg, sault ste marie — Up to $100,000
-
GSCIP Tax Increment Equivalent Grant (TIEG) Programs
Open, continuous intake both for small business, expansion and nonprofits & charities; tieg — Varies; see program
-
GSCIP Housing Accelerator Program (Per-Door Residential Grant)
Open, continuous intake both for small business, expansion and nonprofits & charities; housing — Up to $200,000
-
Housing Community Improvement Plan (HCIP) Grants
Paused both for small business, expansion and nonprofits & charities; housing — Up to $300,000
Guides that cover this program
Notes on this record
Rate/term detail comes from the official 2024 consultation page plus reporting; the May 2025 CIP amendment may have adjusted tiers. Confirm the current schedule via housingcip@cityssm.on.ca (705-759-5368) before modelling.
Facts on this page were read from the funder's PDF documentation rather than a web page, so they can lag a mid-cycle change.
Apply
Apply on the funder’s site and confirm current terms there: