Affordable Housing Property Tax Adjustment
The Affordable Housing Property Tax Adjustment Policy supports the development of new affordable housing by reducing municipal property taxes over a 10-year period.
Developers who create four or more new affordable housing dwelling units and agree to maintain affordability for at least 10 years may be eligible for this program.
Offered by Cape Breton Regional Municipality Planning and Development
Amount
Reduction of municipal property tax over a 10-year period: 90 per cent in years one and two, 75 per cent in years three and four, 60 per cent in years five and six, 45 per cent in years seven and eight, 30 per cent in years nine and 10
Quick eligibility check
Who can apply
Developers who create four or more new affordable housing dwelling units and agree to maintain affordability for at least 10 years may be eligible for this program.
To qualify, affordable housing dwelling units must:
- Not exceed 30% of the gross annual household income, or is at 80% or less than the average market rate as defined by the CMHC for CBRM.
- Have a valid Building and Development Permit issued in 2024 or later.
- Be located within the Service Area Boundary as defined by CBRM's Municipal Planning Strategy. See the Service Area Boundary map.
About the funding
The Affordable Housing Property Tax Adjustment Policy supports the development of new affordable housing by reducing municipal property taxes over a 10-year period.
The Affordable Housing Property Tax Adjustment will be a:
- 90 per cent reduction of municipal property tax in years one and two
- 75 per cent reduction of municipal property tax in years three and four
Show all funding details
- 60 per cent reduction of municipal property tax in years five and six
- 45 per cent reduction of municipal property tax in years seven and eight
- 30 per cent reduction of municipal property tax in years nine and 10.
