Amount:
No Fixed Amount
Type of Program:
Loan
Description:
The Rooming House Residential Rehabilitation Assistance Program (RRAP) provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.
Comments on Funding:
Funding is in the form of a forgivable loan. The funding amount is based on the cost of the mandatory repairs and the number of eligible beds in the applicant's rooming house or hostel.
The maximum forgivable loan per bed unit is $16,000.
With the exception of non-profit organizations, owners must contribute 25% of the total mandatory repairs.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
The applicant must:
Application Steps:
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.
Documentation Needed:
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.
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