LoanNew BrunswickProperty Development

Rental Residential Rehabilitation Assistance Program (RRAP)

The Rental Residential Rehabilitation Assistance Program (RRAP) provides landlords with financial help to repair substandard units rented to low-income households and rooming houses.

Offered by Department of Social Development

Amount

Forgivable loan of up to $36,000 per unit (rental units) or up to $24,000 per bed unit (rooming houses), based on the cost of mandatory repairs and the number of eligible units; except for non-profit organizations, owners must contribute 25% of the total repair cost

Quick eligibility check

Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
Incorporated, sole proprietor, partnership, non-profit, co-operative
Location
New Brunswick

Who can apply

A property is eligible if it meets the following requirements:

  1. it is owned by a private entrepreneur, non-profit corporation or housing co-operative that does not receive any government housing assistance
  2. for rental units, 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 Housing NB and Canada Mortgage and Housing (CMHC)
  3. for rooming houses, it contains more than three bed units that are rented to people not related to the owner and intended to serve as permanent accommodation
  4. the rent must be at or below housing income limits established by Housing NB and CMHC
  5. the property is at least five years old and lacks basic facilities or requires major repair in at least one of the following areas:
  • structural
  • heating
  • electrical
  • fire safety
  • plumbing

Not eligible:

Properties such as nursing homes, care facilities and special purpose housing, are not eligible for RRAP funding

About the funding

Repairs to rental units

The amount you may receive is based on the cost of mandatory repairs and the number of eligible units in the project. The assistance is a forgivable loan, and you may receive up to $36,000 per unit. Except for non-profit organizations, owners must contribute 25% of the total repair cost. All approved applicants must sign a rental agreement to keep rents affordable to low-income tenants during the loan period.

Repairs to rooming houses

The amount you may receive is based on the cost of the mandatory repairs and the number of eligible bed units in your rooming house. The assistance is a forgivable loan, and you may receive up to $24,000 per bed unit. Except for non-profit organizations, owners must contribute 25% of the total repair cost. All approved applicants must sign a rental agreement to keep rents affordable to low-income tenants during the loan period.

Similar programs

ProgramTypeAmountStatus
Residential Rehabilitation Assistance Program (RRAP) for Rental ConversionLoanForgivable loan of up to $36,000 per self-contained unit and up to $24,000 per bed unitOpen
Rooming House Residential Rehabilitation Assistance Program (RRAP)LoanForgivable loan of up to $16,000 per bed unit, based on the cost of mandatory repairs and the number of eligible bedsOpen
Apartment Construction Loan Program: Seniors Rental HousingLoanUp to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization periodOpen
Apartment Construction Loan Program: Standard Rental HousingLoanLow-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization periodOpen