Rental Housing Incentive Program

Rental Housing Incentive Program (RHIP) provides a 100% municipal tax abatement to support new multi-family rental housing in Yorkton. In return, the new units must remain as rental housing for a set period and be rented at fair market value or less.

Applicants must choose one of the following options:

5-year rental commitment: If the new units are kept as rentals for 5 years, a 100% municipal tax abatement is provided for 2 years. Units must be rented at fair market value or less.

10-year rental commitment: If the new units are kept as rentals for 10 years, a 100% municipal tax abatement is provided for 5 years. Units must be rented at fair market value or less.

All applications are reviewed by Administration and require City Council approval. If approved, the abatement is provided through a formal agreement that is registered on title.

Rental Housing Incentive Program (RHIP) provides a 100% municipal tax abatement to support new multi-family rental housing in Yorkton. In return, the new units must remain as rental housing for a set period and be rented at fair market value or less.

Applicants must choose one of the following options:

5-year rental commitment: If the new units are kept as rentals for 5 years, a 100% municipal tax abatement is provided for 2 years. Units must be rented at fair market value or less.

10-year rental commitment: If the new units are kept as rentals for 10 years, a 100% municipal tax abatement is provided for 5 years. Units must be rented at fair market value or less.

All applications are reviewed by Administration and require City Council approval. If approved, the abatement is provided through a formal agreement that is registered on title.