Nova Scotia spending $15.7M to preserve 90 housing units in Halifax

Nova Scotia is maintaining 90 housing units in Halifax.

Nova Scotia is spending $15.7 million to preserve 90 housing units in Halifax.

The provincial government is partnering with the Housing Trust of Nova Scotia to preserve the units – 62 of which are affordable – in Fairview.

“These homes represent stability for households today and for generations to come,” said Angela Bishop, executive director of the Housing Trust, in a news release. “By protecting affordability, we’re ensuring people can stay rooted in the communities they contribute to every day.”

The protected properties are:

• 23 Westgrove Pl., which has 24 units (15 of which are affordable). It will be supported by a $3.48-million repayable loan and a $720,00 investment
• 299 Main Ave., which has 22 units (16 of which are affordable). It will be supported by a $3.05-million repayable loan and a $660,000 investment
• 16 Mandaville Ct., which has 44 units (31 of which are affordable). It will be supported by a $6.49-million repayable loan and a $1.32-million investment.

The affordable units have rents in the range of $828 to $1,600 a month.

“We are very focused on providing quality housing so we will be reviewing the buildings, doing the upgrades that are required,” Bishop said. “Any and every repair and modification that needs to be made to extend the economic life.”

The Halifax Regional Municipality will provide a grant to cover deed transfer taxes on the properties.

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