Affordable Housing Contribution Fund


Housing Nova Scotia (HNS) provides funding opportunities to real estate developers to assist with new construction and/or rehabilitation of a variety of affordable housing projects. The purpose of the Affordable Housing Contribution Fund (AHCF) is to leverage federal funding through the National Housing Co-Investment Fund (NHCF) to expand affordable housing across the province. The NHCF aims to support the new and revitalization construction of mixed-income, mixed-use affordable housing and require support from another level of government to ensure coordination of investments.

Under the AHCF, partners can receive up-front capital contribution of up to $50,000 per self-contained units or bed (single room occupancy) in the form of a forgiveable loan, ensuring affordability of the subsidized rental units for a period of 20 years. The loan will earn monthly forgiveness for as long as the project meet program conditions.

To apply for the Contribution Fund, download the application form.

Submission deadline is August 15, 2021

AHCF Frequently Asked Questions


Program details

  • The AHCF complements funding received by private or non-profit housing providers through the CMHC National Housing Co-Investment Fund (NHCF) to support the expansion of affordable rental Housing in Nova Scotia.

  • Eligible proponents can receive a capital contribution of up to $50,000 per unit (or bed in a rooming house).

  • Funds can only be used for 50% or less of the total number of residential units in a project.  Project

  • Eligible project must include a minimum of 5 units. Smaller projects of less than 10 units may receive funding for all of the units.

  • Approved proponents will be required to sign a Project Contribution Agreement with HNS and agree to maintain rents for the subsidized units at an affordable level for the duration of the forgivable loan. The affordability level will be determined based on the specifics of the project, but rent will need to be set below the area median market rent.

  • Proponents should note that HNS will register a mortgage against the property, taking second position to the CMHC mortgage.


Who can apply?

Any corporation registered in Nova Scotia can apply for funding under the AHCF, whether it is a private, co-operative, or not-for-profit society. Only proponents with an active NHCF application will be eligible.

Proponents will need to sign a consent form authorizing HNS to discuss with and obtain information about the project from CMHC.


How will projects be selected?

Eligible proposals will be evaluated based on local needs, as well as provincial and federal priorities under the National Housing Strategy (NHS) Action Plan, specifically:

  • Strengthening programs across the housing spectrum;

  • Partnering with the private sector and community housing providers to improve access to affordable housing;

  • Creating communities that maximize people’s economic and social well-being;

  • Ensuring housing is sustainable for generations to come.

Priority will be given to proponents from the community housing sector or projects that incorporate partnerships with the community housing sector.


For more information or questions, please contact us in writing:

Housing Nova Scotia - Affordable Housing Programs