homeownership
Homeownership Support - Suite of Programs
Through its Homeownership Programs and supports, the NHC assists residents who can afford the costs of homeownership to secure and maintain their house. As well, homeownership education and counseling services are provided to home owners. These services include consultations regarding purchase of existing homes or new home construction, repairs, renovations, bank financing and energy conservation.
Applications for the ALL NEW Nunavut Homeowner Assistance Program - NHAP will open Summer of 2024
NHAP
Homeowner Assistance Program
The NHC is reintroducing a homeownership program for residents who can afford the cost of owning and maintaining a home in Nunavut. Financial assistance is provided toward the cost of a housing material package, along with education and counselling services to assist clients in the financing and construction of their own home. Clients will present a plan for building where they identify the components of construction they undertake themselves or will receive help for from family and friends.
The new NHAP provides a $250,000 forgivable loan over ten (10) years towards the purchase of a material package. Assistance from NHC may include project management, supervision, financial counselling, and education and training. The residency requirement for the program is one (1) year.
NDAP
Nunavut Downpayment Assistance Program
The Nunavut Downpayment Assistance Program (NDAP) provides eligible Nunavummiut up to $80,000 in down payment assistance, with the total amount graduated based on income. The residency requirement for NDAP is now one (1) year.
Previously capped at $30,000, the increase in financial assistance up to $80,000 aims to better assist Nunavummiut in becoming homeowners, as part of NHC’s revitalized suite of homeownership programs.
HRP
Home Renovation Program
The Home Renovation Program (HRP) assists Nunavummiut who own and occupy their home to undertake major repairs and/or renovations.
The HRP has two options:
- A one-time forgivable loan to a maximum of $100,000, an increase from the previous limit of $65,000, forgivable over ten (10) years.
- For homeowners who wish to complete repairs/renovations on their own, a grant of 50% of eligible costs is available, up to $20,000.
The HRP is stackable with the Emergency Repair Program.
Repairs previously covered under the Heating Oil Tank Replacement Program are now considered under HRP.
ERP
Emergency Repair Program
The Emergency Repair Program (ERP) assists Nunavummiut who own and occupy their home, to undertake urgently required repairs which otherwise pose an imminent threat to occupant health and/or safety.
The Emergency Repair program provides a grant of up to $15,000. The ERP is stackable with the Homeowner Repair Program (HRP). The program eligibility is income based. The minimum value of repairs must be $1000.
EHP
Elders Housing Program
NHC recognizes the importance of supporting Elders to maintain homeownership and age in place. The Elders Housing Program provides both counselling and financial support intended to support Elders’ ability to maintain their home, make modifications and upgrades to support aging in place and, where homeownership is no longer feasible, and make informed choices on alternative tenure options.
The EHP is stackable with the Home Renovation Program (HRP). The program allows for a grant of up to $5,000 for preventative maintenance and up to $30,000 for repairs. There is no maximum income eligibility however the level of assistance is based on income.
The Elder Housing Program replaces the former Senior Citizens Home Repair Program (SCHRP), Senior and Persons with Disabilities Preventative Maintenance Program (SPDPMP) and the Seniors and Persons with Disabilities Housing Options Program (SPDHOP).
