• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Atlantic Canada Business Grants

  • Atlantic Canada
    • Grants
    • Loans
    • Wage Subsidies
  • New Brunswick
    • New Brunswick Small Business Guide
      • Starting a Business in New Brunswick
      • Best Business to Start in New Brunswick
      • Businesses for Sale in New Brunswick
      • Register a Business in New Brunswick
      • Incorporating a Business in New Brunswick
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Newfoundland
    • Newfoundland & Labrador Business Guide
      • Start a Business in NL
      • Best Business to Start in NL
      • Businesses for Sale in NL
      • Incorporate a Business in NL
      • Register a Business in NL
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Nova Scotia
    • Nova Scotia Small Business Guide
      • Starting a Business in Nova Scotia
      • Best Business to Start in Nova Scotia
      • Businesses for Sale in Nova Scotia
      • Incorporating a Business in Nova Scotia
      • Register a Business in Nova Scotia
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • PEI
    • PEI Small Business Guide
      • Starting a Business in PEI
      • Best Business to Start in PEI
      • Businesses for Sale PEI
      • Incorporate a Business in PEI
      • Register a Business in PEI
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Contact
  • About

Rooming House Residential Rehabilitation Assistance Program (RRAP)

by Maurice | February 5, 2023

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:

  • be New Brunswick private entrepreneurs, non-profit corporations, or housing co-operatives that are not receiving any government housing assistance,
  • own properties that operate as bona fide rental enterprises and that are intended to serve as permanent accommodation;,
  • own properties that are rooming houses or hostels containing more than three bed units which are rented to people not related to the owner,
  • own a property that is at least five years old and lacks basic facilities or requires major repair in one of the following areas: structural, heating, electrical, fire safety, plumbing,
  • complete all mandatory health and safety repairs,
  • apply a post-rehabilitation rent charge at or below levels established by this Department and Canada Mortgage and Housing (CMHC).

Application Steps:

1

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.

Program Contact:

Rooming House Rehabilitation Assistance Program

Rooming House Rehabilitation Assistance Program Guidelines

Related posts:

How to Start a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
New Brunswick Small Business: Complete Guide for Entrepreneurs
Incorporating a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Nova Scotia Small Business: Complete Guide for Entrepreneurs
  • How to Start a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
  • How to Start a Business in Newfoundland and Labrador: Step-by-Step Guide for New Entrepreneurs
  • Starting a Business in PEI: Step-by-Step Guide for Prince Edward Island Entrepreneurs
  • How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs

Recent Comments

  • Toni Mladineo on Clean Technology Loan

Footer

Company

  • About Me
  • Contact

Categories

  • Atlantic Canada
  • New Brunswick
  • Newfoundland & Labrador
  • Nova Scotia
  • Prince Edward Island

© 2023 · Atlantic Canada Business Grants

  • About Me
  • Contact