O. Reg. 713/20: SUBSIDIES FOR PART VII HOUSING PROJECTS
filed December 8, 2020 under Housing Services Act, 2011, S.O. 2011, c. 6, Sched. 1
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made under the
Housing Services Act, 2011
Made: December 7, 2020
Filed: December 8, 2020
Published on e-Laws: December 8, 2020
Printed in The Ontario Gazette: December 26, 2020
Amending O. Reg. 369/11
(SUBSIDIES FOR PART VII HOUSING PROJECTS)
1. Section 10 of Ontario Regulation 369/11 is amended by adding the following subsection:
(1.1) Despite subsection (1), for the purposes of sections 6, 7 and 8, the market rent index applicable to a housing provider’s housing projects for a fiscal year that begins in 2021 is the lesser of,
(a) the guideline determined under subsection 120 (3.1) of the Residential Tenancies Act, 2006 rather than the guideline published in The Ontario Gazette on August 29, 2020; and
(b) the percentage change in the average rent for rental units, as determined under subsection (2).
Commencement
2. This Regulation comes into force on the later of January 1, 2021 and the day it is filed.
Made by:
Pris par :
Le ministre des Affaires municipales et du Logement,
Steve Clark
Minister of Municipal Affairs and Housing
Date made: December 7, 2020
Pris le : 7 décembre 2020