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2021 Market Rent Index & Indices for Non-Profit Projects

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2021 Market Rent Index & Indices for Non-Profit Projects United Counties of Leeds and Grenville Community and Social Services Division Directive Directive: 2021 Market Rent Index & Indices for Non-Profit Projects Issue Date: August 25, 2020 Directive No.: DIR2020-10 Revision Date: Revision No.: Applicable Policy: Type: Operational The policies and procedures in this Directive are to be implemented by Housing Providers/Cooperatives funded by the Municipality under the following programs. Provincial Non-Profit Housing Providers Gananoque Family Housing Gananoque Housing Inc. Legion Village 96 Seniors Residence Twp. of Bastard & South Burgess Housing Corp. Brockville Municipal Non-Profit South Crosby Non-Profit Housing Corp. Housing Corp. – Pineview Federal Non-Profit Housing Providers Athens & District Non-Profit Marguerita Residence Corp. Housing Providers Gananoque Housing Inc. South Crosby Non-Profit Housing Corp. – Rideau Lakes Federal/Provincial Cooperative Housing Shepherds Green Cooperative Homes Inc. Housing Providers Leeds Grenville Housing Department Marguerita Residence Corp. (RGI Service Agreement) Athens & District Non-Profit Housing (RGI Service Agreement) Rent Supplement Program, including Providers with expired Federal Operating Agreement Page 1 of 3 United Counties of Leeds and Grenville Community and Social Services Division Directive Directive: 2021 Market Rent Index & Indices for Non-Profit Projects Issue Date: August 25, 2020 Directive No.: DIR2020-10 Revision Date: Revision No.: BACKGROUND Each year, the Ministry provides indices for costs and revenues to calculate subsidies under the Housing Services Act (HSA). The indices to be used for 2021 are contained in this directive. PURPOSE The purpose of this directive is to advise housing providers of the index factors to be used in the calculation of subsidy for 2021. ACTION TO BE TAKEN Housing providers shall use the index factors in the table below to calculate subsidies under the Housing Services Act, 2011 (HSA) on an annual basis. The percentages provided in the 2021 tables have been converted into “index factors” as instructed in O. Reg. 369/11, Section 13 (1) (i.e. percentage converted to a decimal plus 1.0). Some benchmark index factors vary for townhouses and apartments. MIXED NON-PROFIT HOUSING 100% RGI NON-PROFIT PROVIDERS HOUSING PROVIDERS TOWNHOUSES AND COSTS APARTMENTS TOWNHOUSES APARTMENTS Administration and Maintenance 0.9957 0.9957 0.9957 Insurance 1.0592 1.0592 1.0592 Bad Debt 1.015 1.015 0.9957 Electricity 0.8693 0.8693 0.8693 Water 1.0301 1.0301 1.0301 Natural Gas 0.9443 0.9443 0.9443 Oil and Other Fuel 0.7317 0.7317 0.7317 Capital Reserves 0.9957 0.9957 0.9957 REVENUES Indexed Market Rent 1.015 1.015 Vacancy Loss 1.015 1.015 Non-rental revenue 1.0 1.0 REFERENCE SH Notification 20-06 2021 Market Rent Index & Indices for Non-Profit Projects Page 2 of 3 United Counties of Leeds and Grenville Community and Social Services Division Directive Directive: 2021 Market Rent Index & Indices for Non-Profit Projects Issue Date: August 25, 2020 Directive No.: DIR2020-10 Revision Date: Revision No.: If you have any questions, please contact the following: Caroline Rigutto, Policy and Program Review Analyst Phone: 613-342-3840, ext. 2368 E-mail: [email protected] Fax: 613-342-8908 Chris Morrison, Manager, Housing Department Phone: 613-342-3840, ext. 2328 E-mail: [email protected] Fax: 613-342-8908 August 25, 2020 C. Morrison, Manager Date Housing Department Page 3 of 3 SHnotification social housing Subject: 2021 Market Rent Index & Indices for Non-Profit Projects Legislation/Regulation Release 20-06 Operational The ministry provides indices for costs and revenues to calculate subsidies under the Housing Services Act, 2011 (HSA) on an annual basis. The indices which need to be used in the calculation of subsidies for 2021 are in the attached tables. Also attached are guidelines for their use: • Attachment A – 2021 Market Rent Index. • Attachment B – 2021 Indices for Mixed Non-Profit Projects. • Attachment C – 2021 Indices for 100% RGI Non-Profit Projects. • Attachment D – Guide for 2021 Market Rent Index. • Attachment E – Guide for 2021 Indices for Mixed Non-Profit and 100% RGI Projects. For more information please contact the ministry at: [email protected] Peter Majkowski Ministry of Municipal Affairs and Housing 416-728-6144 (Mobile) | [email protected] Jim Adams Director | Housing Programs Branch | Housing Division Ministry of Municipal Affairs and Housing Ministry of Municipal Affairs and Housing July 2020 SHN-20-06 Attachment A 2021 Market Rent Index Table - SHN-20-06 Apartment (Row) Townhouse Average Rent Average Rent District 2021 2021 Name (CA, CMA, Zone) Residential Residential CMHC RMS Tenancy CMHC RMS Tenancy 2018-19 Act (RTA) 2018-19 Act (RTA) % change Guideline 2021 MRI % change Guideline 2021 MRI Barrie Barrie CMA 1.8% 1.5% 1.5% 5.0% 1.5% 1.5% Barrie Zone 1 - South 1.8% 1.5% 1.5% 5.0% 1.5% 1.5% Barrie Zone 2 - North 1.8% 1.5% 1.5% 5.0% 1.5% 1.5% Belleville Belleville CMA 7.1% 1.5% 1.5% 4.0% 1.5% 1.5% Belleville Zone 1 - City of Belleville 7.1% 1.5% 1.5% 6.7% 1.5% 1.5% Belleville Zone 2 - City of Quinte West 7.0% 1.5% 1.5% ** 1.5% 1.5% Bracebridge Town Bracebridge Town 15.3% 1.5% 1.5% ** 1.5% 1.5% Brantford Brantford CMA 4.7% 1.5% 1.5% 2.0% 1.5% 1.5% Brant City Brant City 4.7% 1.5% 1.5% 2.0% 1.5% 1.5% Brockville CA Brockville CA 3.1% 1.5% 1.5% 11.7% 1.5% 1.5% Chatham Chatham-Kent CA 7.1% 1.5% 1.5% 9.8% 1.5% 1.5% Chatham Zone 1 - Chatham City 5.4% 1.5% 1.5% 6.9% 1.5% 1.5% Chatham Zone 2 - Wallaceburg 4.5% 1.5% 1.5% 8.1% 1.5% 1.5% Chatham Zone 3 - Rest of Kent 18.6% 1.5% 1.5% 13.9% 1.5% 1.5% Cobourg CA Cobourg CA 4.6% 1.5% 1.5% ** 1.5% 1.5% Collingwood CA Collingwood CA 4.8% 1.5% 1.5% ** 1.5% 1.5% Cornwall Cornwall CA 6.4% 1.5% 1.5% 13.0% 1.5% 1.5% Cornwall Zone 1 - City Centre 7.5% 1.5% 1.5% 18.7% 1.5% 1.5% Cornwall Zone 2 - City North 6.5% 1.5% 1.5% ** 1.5% 1.5% Cornwall Zone 3 - Outlying Areas ** 1.5% 1.5% ** 1.5% 1.5% Elliot Lake CA Elliot Lake CA 12.8% 1.5% 1.5% ** 1.5% 1.5% Georgian Highlands Town Georgian Highlands Town ** 1.5% 1.5% ** 1.5% 1.5% Gravenhurst Town Gravenhurst Town 4.3% 1.5% 1.5% ** 1.5% 1.5% Greater Napanee Town Greater Napanee Town 7.5% 1.5% 1.5% ** 1.5% 1.5% Guelph Guelph CMA 10.7% 1.5% 1.5% 4.6% 1.5% 1.5% Guelph Zone 1 - West 15.6% 1.5% 1.5% ** 1.5% 1.5% Guelph Zone 2 - South 7.2% 1.5% 1.5% 3.3% 1.5% 1.5% Guelph Zone 3 - East 4.3% 1.5% 1.5% ** 1.5% 1.5% Ministry of Municipal Affairs and Housing 1 Attachment A 2021 Market Rent Index Table - SHN-20-06 Apartment (Row) Townhouse Average Rent Average Rent District 2021 2021 Name (CA, CMA, Zone) Residential Residential CMHC RMS Tenancy CMHC RMS Tenancy 2018-19 Act (RTA) 2018-19 Act (RTA) % change Guideline 2021 MRI % change Guideline 2021 MRI Zone 4 - Guelph/Eramosa/Puslinch ** 1.5% 1.5% ** 1.5% 1.5% Haldimand Town Haldimand Town 0.8% 1.5% 0.8% ** 1.5% 1.5% Hamilton Hamilton CMA 5.2% 1.5% 1.5% 1.1% 1.5% 1.1% Hamilton Zone 1 - Downtown Core 7.7% 1.5% 1.5% ** 1.5% 1.5% Hamilton Zone 2 - Central East 4.0% 1.5% 1.5% ** 1.5% 1.5% Hamilton Zone 3 - East End 3.4% 1.5% 1.5% 9.1% 1.5% 1.5% Hamilton Zone 4 - Central 3.6% 1.5% 1.5% ** 1.5% 1.5% Hamilton Zone 5 - West End 6.7% 1.5% 1.5% n/u 1.5% 1.5% Hamilton Zone 6 - Mountain 1.2% 1.5% 1.2% -2.6% 1.5% -2.6% Hamilton Zone 7 - Grimsby and Stoney Creek 3.3% 1.5% 1.5% ** 1.5% 1.5% Hamilton Zone 8 - Burlington 6.5% 1.5% 1.5% 1.3% 1.5% 1.3% Hamilton Zone 9 - Ancast./Dundas/Flambor./Glanbrk. 5.5% 1.5% 1.5% ** 1.5% 1.5% Hawkesbury CA Hawkesbury CA 3.4% 1.5% 1.5% 9.2% 1.5% 1.5% Huntsville Town Huntsville Town 3.4% 1.5% 1.5% ** 1.5% 1.5% Ingersoll Town Ingersoll Town 4.0% 1.5% 1.5% ** 1.5% 1.5% Kawartha Lakes CA Kawartha Lakes CA 15.1% 1.5% 1.5% ** 1.5% 1.5% Kenora CA Kenora CA 16.7% 1.5% 1.5% ** 1.5% 1.5% Kingston Kingston CMA 4.7% 1.5% 1.5% 25.8% 1.5% 1.5% Kingston Zone 1 - Downtown Kingston 3.2% 1.5% 1.5% ** 1.5% 1.5% Kingston Zone 2 - Southwestern Kingston City 0.8% 1.5% 0.8% ** 1.5% 1.5% Kingston Zone 3 - Northern Kingston City 9.1% 1.5% 1.5% ** 1.5% 1.5% Kingston Zone 4 - Rest of Kingston CMA 6.9% 1.5% 1.5% 11.2% 1.5% 1.5% Kitchener Kitchener CMA 2.2% 1.5% 1.5% 0.9% 1.5% 0.9% Kitchener Zone 1 - Kitchener (East) 5.7% 1.5% 1.5% 0.7% 1.5% 0.7% Kitchener Zone 2 - Kitchener (Central) 9.4% 1.5% 1.5% ** 1.5% 1.5% Kitchener Zone 3 - Kitchener (West) 5.8% 1.5% 1.5% -1.5% 1.5% -1.5% Kitchener Kitchener City 6.1% 1.5% 1.5% 0.0% 1.5% 0.0% Kitchener Zone 4 - Waterloo City -4.9% 1.5% -4.9% 3.2% 1.5% 1.5% Ministry of Municipal Affairs and Housing 2 Attachment A 2021 Market Rent Index Table - SHN-20-06 Apartment (Row) Townhouse Average Rent Average Rent District 2021 2021 Name (CA, CMA, Zone) Residential Residential CMHC RMS Tenancy CMHC RMS Tenancy 2018-19 Act (RTA) 2018-19 Act (RTA) % change Guideline 2021 MRI % change Guideline 2021 MRI Kitchener Zone 5 - Cambridge City 4.1% 1.5% 1.5% 1.9% 1.5% 1.5% Kitchener Zone 6 - Two Townships -4.5% 1.5% -4.5% ** 1.5% 1.5% Lambton Shores City Lambton Shores City 2.9% 1.5% 1.5% ** 1.5% 1.5% Leamington CA Leamington CA 23.7% 1.5% 1.5% ** 1.5% 1.5% London London CMA 2.9% 1.5% 1.5% 3.8% 1.5% 1.5% London Zone 1 - Downtown North -5.9% 1.5% -5.9% ** 1.5% 1.5% London Zone 2 - Northeast 6.9% 1.5% 1.5% 9.9% 1.5% 1.5% London Zone 3 - North 4.9% 1.5% 1.5% ** 1.5% 1.5% London Zone 4 - Northwest 2.3% 1.5% 1.5% ** 1.5% 1.5% London Zone 5 - Southwest 7.0% 1.5% 1.5% 4.0% 1.5% 1.5% London Zone 6 - South Central 6.4% 1.5% 1.5% ** 1.5% 1.5% London Zone 7 - South 0.3% 1.5% 0.3% ** 1.5% 1.5% London Zone 8 - East 8.8% 1.5% 1.5% 12.9% 1.5% 1.5% London Zone 9 - St.
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