Closed
Community Housing Acquisition Program
Loan to acquire existing community housing properties
Last Update: April 29, 2026
Funding available
$ 10,000,000
Timeline
- Receipt of requests is now closed
Location
Nova Scotia, Canada
Overview
This program provides loans of up to $10 million per project to help community housing providers buy existing multi-unit residential properties. It supports the preservation and expansion of affordable non-market housing, including eligible acquisition projects and supportive housing projects.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Complete an acquisition or business transfer
- Strengthen organizational capacity
Eligible Funding
- Maximum amount : 10,000,000 $
- Up to 95% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Real estate and rental and leasing
Location
- Nova Scotia
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchase of existing multi-unit residential properties
- Acquisition of properties for non-market community housing
- Support for supportive housing acquisitions with OSD funding
Documents Needed
- Completed application form
- Purchase and Sale Agreement
- Property appraisal
- Building Condition Assessment
- Phase I Environmental Site Assessment
Official resources
Eligibility
Who is eligible?
- Co-operatives
- Non-profit societies
- Charities
Who is not eligible
- Residential care facilities
- Student residences
- Long-term care facilities
- Projects requiring rezoning, conversion, or redevelopment
Eligible expenses
- Property acquisition financing for existing multi-unit residential properties
- Major capital repairs and renewal work identified by the building condition assessment
Ineligible Costs and Activities
- Residential care facilities
- Student residences
- Long-term care facilities
- Projects requiring rezoning, conversion, or redevelopment
Eligible geographic areas
- Nova Scotia
Selection criteria
- Financial viability
- Proponent capacity to undertake the project
- Readiness for acquisition
- Proportion of affordable units secured
- Demonstrated short- and long-term demand
How to apply
- Step 1: Review the program guide and criteria
- Read the Community Housing Acquisition Program Guide.
- Check the program requirements and application details.
- Step 2: Complete the application
- Fill out the application form.
- Prepare the required supporting information and documents.
- Step 3: Submit by email
- Send the completed application and supporting documents by email.
Processing and Agreement
- Applications are reviewed and approved on a first come, first serve basis
- Review typically takes 6 to 8 weeks
- More information may be requested if needed
- Approved applicants receive an Offer of Finance
- Financial reporting is required throughout the loan term
Additional information
- Applications are accepted anytime.
- No application fee is charged.
- Approved projects receive an Offer of Finance outlining the loan conditions.
- Applications are assessed on a first come, first serve basis.
Contacts
Frequently Asked Questions about the Community Housing Acquisition Program Program
What is the Community Housing Acquisition Program?
This program provides loans of up to $10 million per project to help community housing providers buy existing multi-unit residential properties. It supports the preservation and expansion of affordable non-market housing, including eligible acquisition projects and supportive housing projects.
How much funding can be received?
Community Housing Acquisition Program Funds up to 95% of admissible expenses, capped at $10,000,000 per project.
Who is eligible for the Community Housing Acquisition Program program?
To be eligible for the Community Housing Acquisition Program program, you must:
Community housing provider
Authorized to operate in Nova Scotia
Meets 5% cash equity requirement
What expenses are eligible under Community Housing Acquisition Program?
Purchase of existing multi-unit residential properties
Acquisition of properties for non-market community housing
Support for supportive housing acquisitions with OSD funding
Who can I contact for more information about the Community Housing Acquisition Program?
You can contact Government of Nova Scotia by email at acquisitionprogram@novascotia.ca or by phone at 1-844-424-2433.
Where is the Community Housing Acquisition Program available?
The Community Housing Acquisition Program program is available the province of Nova Scotia.
Is the Community Housing Acquisition Program a grant, loan, or tax credit?
Community Housing Acquisition Program is a Loans and Capital investments