Nunavut Supported Housing Capital Program (SHCP)
The new Supported Housing Capital Program (SHCP) is designed to make it easier for community organizations to develop and operate housing that meets the needs of vulnerable populations and those who need support to live independently.
Offered by Nunavut Housing Corporation (NHC)
Amount
Up to $150,000 per unit through a minimum 10-year forgivable loan: $100,000 for each Single Room Occupancy (SRO) and $150,000 for each self-contained unit
Quick eligibility check
Who can apply
The new Supported Housing Capital Program (SHCP) is designed to make it easier for community organizations to develop and operate housing that meets the needs of vulnerable populations and those who need support to live independently.
About the funding
This program provides eligible organizations and projects with up to $150,000 per unit through a minimum 10-year forgivable loan. Successful community organizations receive:
- $100,000 for each Single Room Occupancy (SRO) and
- $150,000 for each self-contained unit.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Commercial real estate loan | Loan | Typically starts at $100,000 and can go up to several million dollars | Open |
| FCC Land & Buildings | Loan | No fixed amount | Open |
| Nunavut Business Credit Corporation: Line of Credit | Loan | No fixed amount | Open |
| Apartment Construction Loan Program: Seniors Rental Housing | Loan | 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 period | Open |
