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Repayable Contribution

Nova Scotia | Community Housing Acquisition Program (CHAP)

The Community Housing Acquisition Program (CHAP) supports the purchase of existing multi-unit residential properties by community housing providers 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.

  • 4.5/5.0
  • Nova Scotia | Municipal Affairs and Housing
  • All levels
  • Last updated 3 years ago
  • English
Description
The Community Housing Acquisition Program (CHAP) supports the purchase of existing multi-unit residential properties by community housing providers 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.