The Program offers financial assistance to landlords of affordable housing to pay for mandatory repairs to self-contained units occupied by low-income tenants. Mandatory repairs are those required to bring properties up to minimum levels of health and safety.
Eligibility
Owners (landlords) of affordable self-contained housing units may apply if:
- The household incomes of their tenants are at or below the established ceilings (these vary based on household size and area of the country).
- The projects have pre- and post-RRAP rents at or below the median market rent for the local area. (CMHC can assist with market rent information.)
- The property lacks basic facilities or requires major repair in one or more of the following five categories: structural, electrical, plumbing, heating and fire safety.
- Tenants are not family relatives of the owner.
- Please note that Program is available on-reserve for rental units not owned by the Band.
The assistance is a fully forgivable loan covering up to 100 percent of the cost of mandatory repairs with certain conditions attached. Landlords must also:
- Agree to place a ceiling on the rents that may be charged after the repairs are completed
- Limit rent increases during the term of the agreement
- Agree to limit new occupancy to tenants with incomes at or below the income ceiling
- Cover cost of mandatory repairs above the maximum forgivable loan available
Zone 1: Southern areas of Canada - $24,000/ unit
Zone 2: Northern areas of Canada - $28,000/ unit *
Zone 3: Far northern areas, Yukon and Northwest Territories,
Labrador and northern Quebec - $36,000/ unit *
* Additional assistance may be available in areas defined as remote.
Restrictions
Please note that any work carried out before the loan is approved is NOT eligible for funding under this program
Application procedure
For information on how to apply please contact your local CMHC Office:
Line Gullison, Manager
BC Aboriginal Housing Centre
1111 West Georgia, Suite 200, 2nd floor
Vancouver, British Columbia
V6E 4S4
Phone number: 604-737-4035
Fax number: 604-737-4125
Email: lgulliso@cmhc-schl.gc.ca