Build and Support More Co-Ops
A Nova Scotia Liberal government will invest significantly in co-op housing to expand this affordable model across the province, with a goal of creating 2,000 new co-op units by 2032. We will achieve this goal by:
- Offering grants and low-cost loans to build new co-ops and expand existing ones,
- Opening up the Community Housing Acquisition Program to fund projects that add units to existing co-op projects or build new buildings, where currently the fund can only be used to purchase existing residential properties, and
- Invest $20M in additional grant funding streams to build new co-ops, expand existing co-ops, and fund co-op repairs.
Cost estimate: Total cost: $5M/year
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