Who will be helped by the rental repair/conversion program?
The Rental Repair program will provide funding to eligible landlords so they can offer affordable rental accommodations for low-to-moderate income families and individuals. The funding would be used to repair rental properties to meet certain health and safety requirements. The rental conversion portion would provide assistance to convert non-residential properties into affordable rental housing. What makes someone eligible for funding? Rental properties must be self-contained units occupied by low-to-moderate income tenants. Rental rates must be at or below the median market and remain so for at least 10 years. The funding must be used to repair rental properties to meet health and safety requirements. Eligible properties must be environmentally safe and reasonable convertible to quality housing. Where will the repair/conversion program be available? The Repair/Conversion program will be available in targeted urban revitalization areas and in remote areas. It will also be available th
