LoanNew BrunswickProperty Development

Rooming House Residential Rehabilitation Assistance Program (RRAP)

The Program is offered by the Department of Social Development (SD). It provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.

Offered by Department of Social Development

Amount

Forgivable loan of up to $16,000 per bed unit, based on the cost of mandatory repairs and the number of eligible beds; owners (except non-profit organizations) must contribute 25% of the total cost of mandatory repairs

Quick eligibility check

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

Who can apply

A property is eligible if it meets the following requirements:

  1. it is owned by a private entrepreneur or a non-profit corporation or a housing co-operative that is not

receiving any government assistance;

  1. it is a rooming house or hostel containing more than three bed units which are rented to people not

related to the owner;

  1. it is intended to serve as permanent accommodation;
  2. rents charged will be at or below levels established by the Province (SD) and Canada Mortgage and

Housing (CMHC);

  1. the property is at least five years old and lacks basic facilities or requires major repair in one of the

following areas:

  1. structural
  2. heating
  3. electrical
  4. fire safety
  5. plumbing

About the funding

  1. 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 $16,000. 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.

  1. If mandatory repairs cost more than the maximum amount available, you must provide the difference.

It provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.

All mandatory health and safety repairs must be completed.

Similar programs

ProgramTypeAmountStatus
Rental Residential Rehabilitation Assistance Program (RRAP)LoanForgivable 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 unitsOpen
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
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