New Rental Housing

This program is for developers who are interested in building new affordable rental units in areas where the population is growing or there is a shortage of housing. It provides up to $25,000 per unit in up-front capital funding and up to $25,000 per unit in rent supplement funding over 10 years.  Projects may involve new construction or the conversion of non- residential properties into affordable rental housing.

Am I Eligible?

Project developers must be from the non-profit or private sectors. To apply for funding, developers must submit project proposals. Once a project proposal is approved, developers must sign an agreement with the Province of Nova Scotia which states that housing will be offered to low-income households at an affordable level for a minimum of 15 years.

Get Started

Submitted proposals are evaluated based on the following criteria:

  • Demonstrated need
  • Financial viability
  • Financial sustainability
  • Project design
  • Relevancy to the intended neighbourhood

Once a decision has been made, Housing Nova Scotia staff will notify developers of approved proposals.

Contact Housing Nova Scotia, one of our staff members will be happy to help.