No Fixed Amount
Type of Program:
The Rental Residential Rehabilitation Assistance Program (RRAP) provides financial assistance to owners/landlords for mandatory repairs to self-contained units that are substandard and rented to low income households.
Comments on Funding:
Funding is in the form of a forgivable loan. The funding amount is based on the cost of mandatory repairs and the number of eligible self-contained units in the project.
The maximum amount for each self-contained unit is $24,000.
With the exception of non-profit organizations, owners must contribute 25% of the total cost of mandatory repairs.
When It Ends:
The applicant must:
Applicants must contact the housing office of the Department of Social Development in their area for further details.
All approved applicants must enter into a rental agreement to ensure that rents remain affordable to low-income occupants during the earning period of the loan.
No specific documentation has been identified.
Other Things to Note:
The Program is funded by a cost sharing arrangement between the Government of Canada and the Province of New Brunswick.