The Manitoba government has announced it will provide up to $11.95 million in tax increment financing (TIF) to support the development of True North Square public plaza in downtown Winnipeg.

In partnership with the Government of Manitoba, the City of Winnipeg has launched a new Live Downtown Rental Development Grant Program. Through the program, the Province and the City will use Tax Increment Financing (TIF) grants to offset a proportion of a developer’s capital investment and encourage the development of new multi-family, mixed-income rental housing in downtown Winnipeg.