The Region of Waterloo announced a program for funding to create a legal apartment in homes and on properties.
Qualifying homeowners can qualify for up to $25,000 in forgivable loans through the Secondary Suites program.
One stipulation is that the unit must be rented out below average market rent, a media release explained.
How that rental price would be calculated was not elaborated on.
The program encourages affordable homes at a lower cost.
An affordable unit in a new apartment building can use up to $100,000 in funding, the release said.
This funding program allows new units at a cheaper cost to the region.
It can also be used to make in-law suites accessible, or to make existing apartments into legal units.
Properties must be zoned to allow secondary units in order to be considered for application.
