Community housing acquisition program (CHAP)

CHAP supports purchasing existing multi-unit residential properties by community housing providers in Nova Scotia to preserve affordable housing and expand the supply of non-market housing. Funding is available as a fixed-interest rate repayable loan. Variable terms of up to 30 years are available. Maximum loan amount available is $10 million per project amortized over a maximum of 30 years.

The program is open to community housing providers in Nova Scotia, including co-operatives or non-profit societies, to support the purchase of existing multi-unit properties to preserve existing affordable housing and expand the community housing sector in the province.

Source: Housing Nova Scotia

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Language:

ENG

Location:

Nova Scotia

Access:

Free

Year:

2022

Type:

Funding & Services

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