Closed
Housing development incentive program
Phased property assessment support for rental housing
Last Update: April 29, 2026
Funding available
Varies by project
Timeline
- Receipt of requests is now closed
Location
New Brunswick, Canada
Overview
This program offers phased-in property assessment for qualifying rental housing developments. It supports new construction, renovations, and conversions that create additional rental units, with no direct construction funding.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
- Renovate or adapt facilities
Eligible Funding
- Varies by project
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Construction
- Real estate and rental and leasing
Location
- New Brunswick
Legal structures
- For-profit business
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
- New construction of rental apartment buildings.
- Renovation or conversion of existing buildings to add rental units.
Documents Needed
- Property account number (PAN)
- Valid building permit issued in your name
- Detailed project cost breakdown
- Building unit details and floor plans
- Proof of renovation costs, if applicable
Eligibility
Who is eligible?
- Property owners.
- Owners developing new rental housing.
- Owners renovating or converting buildings to create additional rental units.
Who is not eligible
- Owner-occupied properties.
- Properties with fewer than two rental units.
Ineligible Costs and Activities
- Direct construction funding is not provided.
Processing and Agreement
- Applications are received online and acknowledged by email.
- A committee reviews applications quarterly.
- If approved, the property assessment is adjusted starting in the next eligible tax year.
- Properties may be reviewed periodically to confirm ongoing eligibility.
Additional information
- The program is not transferable to new property owners.
- Property assessors may periodically review properties for compliance.
- Any change in property use may trigger a review of eligibility.
Contacts
Frequently Asked Questions about the Housing development incentive program Program
Here are answers to the most common questions about the Housing development incentive program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Housing development incentive program?
This program offers phased-in property assessment for qualifying rental housing developments. It supports new construction, renovations, and conversions that create additional rental units, with no direct construction funding.
Who is eligible for the Housing development incentive program program?
To be eligible for the Housing development incentive program program, you must:
Non-owner-occupied property.
At least two rental units.
Permit and timing requirements apply.
What expenses are eligible under Housing development incentive program?
New construction of rental apartment buildings.
Renovation or conversion of existing buildings to add rental units.
Who can I contact for more information about the Housing development incentive program?
You can contact Service New Brunswick (SNB) by email at snb@snb.ca or by phone at 506-457-3581.
Where is the Housing development incentive program available?
The Housing development incentive program program is available the province of New Brunswick.
Is the Housing development incentive program a grant, loan, or tax credit?
Housing development incentive program is a Grant and Funding
Who are the financial supporters of the Housing development incentive program?
Housing development incentive program is funded by Service New Brunswick (SNB)