Province, Community Organization Preserve Affordable Housing in Dartmouth, Truro

The Province has partnered with Rooted, a community housing organization, to preserve close to 200 affordable housing units in Dartmouth and Truro.

Rooted recently purchased six properties, with a total of 197 units, to protect their affordability and allow the current tenants to stay in their affordable homes. All of the units are occupied.

“Preserving existing affordable housing units is just as important as building new, and that work is a key focus of our housing plan,” said Colton LeBlanc, Minister of Growth and Development. “I want to thank community housing partners like Rooted, who, with this investment, has helped close to 200 people and families maintain the ability to stay in their affordable homes.”

The properties are located at 19 Primrose St. and 2 and 4 Franklyn Court in Dartmouth and 16 Park St. and 18 and 28 Minerva Dr. in Truro.

The Province provided Rooted with more than $6.8 million in grants and loans to support the purchase of the six properties – $5,238,400 through the Community Housing Capital Fund and $1,636,048 through the Community Housing Acquisition Program. This investment will ensure that the units remain affordable for a minimum of 30 years or until the mortgages mature.

Since 2021, the Province has invested more than $283 million in 3,054 affordable units, and these numbers continue to grow. In the first two years of the Province’s five-year housing plan, 14,667 new housing units have been created or are in progress and the conditions have been created to pave the way for another 54,174 housing units for a total of 68,841 – 167 per cent of the 2028 goal.

Quotes:

“The Province’s leadership and steadfast commitment to innovative housing programming like the Nova Scotia Community Housing Capital Fund have given Rooted the confidence to grow. With strong programs that stack together, we’ve been able to rapidly expand our portfolio, safeguard affordability at scale and broaden our geographic reach to communities like Truro. The impact of housing as critical infrastructure extends to job creation, local economic development, and most importantly, creates the environment for communities to thrive.”
— Nick Russell, CEO, Rooted

Quick Facts:

• a third-party lender is providing the remaining financing
• the Community Housing Capital Fund provides one-time equity grants to help pre-qualified community housing organizations finance the purchase of existing residential rental buildings (five units or more) and keep rents affordable
• the Community Housing Acquisition Program supports community housing organizations to preserve existing affordable housing units by providing a fixed interest rate loan of up to $10 million per acquisition of existing multi-unit residential properties
• Nova Scotia has received national acclamation for lending programs that are focused on helping community housing organizations preserve units

Additional Resources:

News release – Housing Plan on Track to Meet or Exceed Goals: https://news.novascotia.ca/en/2025/09/24/housing-plan-track-meet-or-exceed-goals