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Provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.
A property is eligible if it meets the following requirements:
The property is at least five years old and lacks basic facilities or requires major repair in one of the following areas:
The amount you may receive is based on the cost of the mandatory repairs and the number of eligible beds in your rooming house or hostel. The assistance is in the form of a forgivable loan. The maximum amount you may receive for each bed 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.
Contact Name: Central Zone (Regional Sub-Office)
E-mail Address: sd-ds@gnb.ca
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Along the top of the site, you will see a "call to action." It's an orange bar.
Alberta Business Grants
Edmonton, Alberta
Canada
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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.
