Nova Scotia and Ottawa provide support to housing cooperatives and non-profits

HALIFAX – The federal and Nova Scotia governments are providing $13 million in cash and loans to housing cooperatives and nonprofit organizations to repair existing affordable housing units in the province.

Nova Scotia Housing Minister John Lohr and four Nova Scotia Liberal MPs today announced at a press conference that both levels of government will equally fund the support.

Lohr said in a statement that a strong community housing sector is critical to ensuring an adequate supply of affordable housing for Nova Scotians.

More than $8 million in forgivable loans will go toward repairs and improvements at five nonprofit or cooperative housing projects that operate 145 total affordable units.

Nearly $5 million will go to two small housing cooperatives, one in Sydney, NS, and one in Halifax, which are merging with Compass Nova Scotia Co-operative Housing Ltd.

The grant will go toward repairs, payment of existing mortgages, and infrastructure improvements at two 38-unit housing sites.

This report from The Canadian Press was first published on July 25, 2022.

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