The new policy outlines details for providing up to $650,000 in affordable housing development grants.
Wednesday, September 9, 2025 - Yarmouth, N.S.—The Town of Yarmouth has developed an Affordable Housing Grant Policy, another key component of its Housing Accelerator Fund (HAF) Action Plan to support new housing in our community.
Creation of this policy meets action plan “initiative 5”, which aims to incentivize more affordable housing, promote a broader range of housing options, and support housing opportunities for low-income households. It is also designed to encourage the development of innovative housing types, such as co-housing and accessory dwelling units, to promote residential growth.
Two grant programs are available under the policy. The “Missing-Middle Housing Grant” is available for the construction of missing-middle housing forms such as semi-detached, duplexes homes, triplexes, fourplexes, townhouses, rowhouses, courtyard housing, apartment buildings with less than four storeys, or accessory dwelling units. Successful applicants can receive $10,000 per eligible unit, to a maximum of $50,000 per application, per building.
The “Revitalizing Rental Stock Grant” is available for the revitalization of rental housing stock, and to retain those rentals at greater levels of affordability than may have otherwise been possible. This grant provides $10,000 per eligible unit, to a maximum of $50,000 per application per building.
“Council is very pleased to put another housing accelerator action plan initiative into play. This one is especially exciting, as it provides an opportunity for developers and current property owners to tap into funding that will ultimately lead to more homes for our residents.”– Mayor Pam Mood.
More details on the grants, including the application process, can be found at https://www.townofyarmouth.ca/affordable-housing-grant-program-2.html
The policy is an initiative funded by the Government of Canada and its Housing Accelerator Fund. To learn more about the fund, as well as the Town’s Action Plan, please visit https://www.townofyarmouth.ca/housing-accelerator-fund.html