Partnership Preserves Nearly 200 Affordable Homes in Nova Scotia

A significant partnership between the provincial government of Nova Scotia and the community organization Rooted aims to preserve nearly 200 affordable housing units in Dartmouth and Truro. The provincial government has allocated approximately $7 million in grants and loans to Rooted, enabling the organization to acquire three properties in each of the two locations.

Among the properties purchased are 19 Primrose Street and 2 and 4 Franklyn Court in Dartmouth. The acquisition of these 197 units ensures that current tenants can continue to reside in affordable housing, a commitment reinforced by the government’s guarantee that these units will remain affordable for a minimum of 30 years or until the associated mortgages reach maturity.

Nick Russell, CEO of Rooted, emphasized the broader impact of these housing initiatives, stating, “The impact of housing as critical infrastructure extends to job creation, local economic development, and most importantly, creates the environment for communities to thrive.” His comments highlight the essential role affordable housing plays in enhancing community well-being.

This recent investment is part of a larger effort by the provincial government, which has dedicated over $283 million to support the development of 3,054 affordable units since 2021. The partnership with Rooted represents a strategic move to bolster the availability of affordable housing in Nova Scotia, addressing a pressing need in both Dartmouth and Truro.

By securing these properties, the government and Rooted aim to provide stability for tenants and contribute to the long-term sustainability of affordable housing in the region. The initiative not only supports those currently living in these homes but also signals a commitment to future generations seeking affordable living options in Nova Scotia.

As housing continues to be a critical issue across Canada, this partnership sets a precedent for how community organizations and government bodies can collaboratively ensure the availability of affordable housing in urban areas.