Rental Residential Rehabilitation Assistance Program
Provides financial assistance to owners / landlords for mandatory repairs to self-contained units that are substandard and rented to low income households.
A property is eligible if it meets the following requirements:
- It is owned by a private entrepreneur, or by a non-profit corporation or housing co-operative that is not receiving any government housing assistance.
- It contains one or more self-contained units, rented or intended to be rented to occupants with incomes below the established "income ceilings" set by the Province (this Department) and Canada Mortgage and Housing (CMHC)
- The post - RRAP rent charge will be at or below levels established by this Department and CMHC.
The property is at least five years old and lacks basic facilities or requires major repair in one of the following areas:
- fire safety
Properties which do not operate as bonafied rental enterprises are not eligible for rental RRAP funding (i.e. nursing homes, care facilities, special purpose housing).
The amount you may receive is based on the cost of mandatory repairs and the number of eligible self-contained units in the project. The assistance is in the form of a forgivable loan. The maximum amount you may receive for each self-contained unit is $24,000. With the exception of non-profit organizations owners must contribute 25% of the total cost of mandatory repairs. All approved applicants must enter into a rental agreement to ensure that rents remain affordable to low-income occupants during the earning period of the loan.
If mandatory repairs cost more than the maximum amount available, you must provide the difference. All mandatory health and safety repairs must be completed.
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