Affordable Housing Grant
$200,000
Grant
Description:
The Cape Breton Regional Municipality’s Affordable Housing Grant Policy aims to support the development of new affordable housing within the municipality by offering a one-time grant. The Affordable Housing Grant is for property owners who create affordable housing and agree to maintain affordability for at least 10 years.
Comments on Funding:
The Affordable Housing Grant has two tiers based on the rent being charged.
Tier 1: Rent does not exceed 30 precent of the gross annual household income for at least 10 years. The Tier 1 grant base amount is $20,000 per Affordable Housing Dwelling Unit, up to a maximum of $200,000 per project.
Tier 2: Rent is 80 per cent or less than the average market rent for at least 10 years. The Tier 2 grant base amount is $18,000 per Affordable Housing Dwelling Unit, up to a maximum of $160,000 per project.
December 31, 2026
Eligibility:
Applicants must be property owners who create affordable housing and agree to maintain affordability for at least 10 years. The affordable housing dwelling units must:
1. not exceed 30 per cent of the gross annual household income, or is at 80 per cent or less than the average market rate as defined by the Canada Mortgage and Housing Corporation (CMHC) for the CBRM,
2. have a valid Building and Development Permit issued between 2024 and 2026 for the installation of a new secondary suite, a converted dwelling, or the construction of an accessory dwelling unit, two-unit dwelling, apartment dwelling or a townhouse.
3. be located within the Service Area Boundary as defined by the Municipality’s Municipal Planning Str
Application Steps:
Applicants must submit applicaion form to the CBRM Planning and Development
+902-563-5070 housing@cbrm.ns.ca
Documentation Needed:
Applicants must submit:
1. Copy of Approved Building/Development Permit
2. Additional Funding Source Documentation
3. Summary of Project (Including total number of affordable units and number and size of bedrooms)
About the author
Maurice