This program creates affordable housing options for senior family members by providing low interest loans for additions or renovations to existing single family homes.
The maximum loan available is $25,000 and it must be repaid over a maximum of 10 years. The interest rate is established at the time of approval. If a chattel mortgage is used to secure the loan, the repayment term is a maximum of six years.
To be eligible for this program:
Contact Housing Nova Scotia, one of our staff members will be happy to help.