Investor Presentaiton
Ontario Long-Term Care Construction Funding
The Government of Ontario modernized its construction funding policy in 2021:
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•
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Construction Funding Subsidy – An amount paid per resident day over 25 years with adjustments made for
geographic location and home size; and
Development Grant (New) - A grant per bed covering a portion of eligible construction costs (e.g. hard
costs, development charges, land costs)
Maximum Construction Funding Subsidy
(per diem – paid over 25 years)
Maximum Development Grant
(per bed - one-time grant)
Large Urban
Urban
Mid-Size
Rural
$27.68
$24.43
$24.43
$24.68
$51,376
$47,926
$24,923
$29,246
Construction funding supports the construction of new long-term care beds
as well as the redevelopment of existing beds
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