This program is run through the Department of Social Development and aims to increase the supply of affordable housing in New Brunswick by providing financial assistance to private entrepreneurs and private non-profit corporations for construction, rehabilitation, and conversion of rental housing projects. Services may be provided as a forgivable loan.
There are various funding initiatives made available through the Canada Mortgage and Housing Corporation.
The Green Municipal Fund (a program of the Federation of Canadian Municipalities) has various funding initiatives. Grants are offered for research, planning, and experimental initiatives; and capital project loans are offered, with the majority of applicants receiving an extra grant of up to 15% of their loan amount.
Forgivable loans are made available through Social Supports NB to homeowners and landlords in New Brunswick. See the link for qualifications.
Outlines the rights and obligations of landlords and tenants.
The NB Housing Act is a provincial piece of legislature outlining the laws and regulations surrounding housing in the province.
In New Brunswick, qualifying non-profit organizations that operate affordable rental housing facilities are exempt from paying the provincial portion of property taxes.
This program provides funding to homeowners as well as landlords, and is funded by cost-sharing agreements between the province of New Brunswick and the Government of Canada. Financial help is given to repair substandard units, create spaces for adults living with disabilities, and convert non-residential properties into affordable rental housing.