National Housing Act (R.S.C., 1985, c. N-11)

Act current to 2012-05-02 and last amended on 2007-04-20. Previous Versions

PART IV

LAND ACQUISITION AND LEASING

Marginal note:Land acquisitions of Corporation

  • 42. (1) The Corporation may, for the purpose of leasing land at low rentals to non-profit corporations,

    • (a) acquire land by way of purchase, lease or otherwise; and

    • (b) install services in, and effect improvements to or in respect of, land acquired by it and develop and lay out the land for housing purposes.

  • Marginal note:Lease of land by Corporation

    (2) The Corporation may lease land acquired under subsection (1) to non-profit corporations but the rentals charged thereon by the Corporation shall not be less than such amounts as are determined in such manner as may be prescribed by regulation.

  • (3) and (4) [Repealed, 1992, c. 32, s. 35]

  • R.S., 1985, c. N-11, s. 42;
  • 1992, c. 32, s. 35.

PART V

[Repealed, R.S., 1985, c. 25 (4th Supp.), s. 23]

PART VI

REPAIR, REHABILITATION, IMPROVEMENT AND CONVERSION OF BUILDINGS

Marginal note:Assistance for repair, etc.

  • 51. (1) The Corporation may make loans and contributions for the purposes of the repair, rehabilitation, modification, improvement and conversion of housing projects, and may forgive amounts owing on those loans.

  • Marginal note:Terms and conditions

    (2) The Corporation may determine the terms and conditions on which it makes a loan or contribution or forgives an amount under subsection (1), including, without limiting the generality of the foregoing,

    • (a) conditions with respect to the operation or occupancy of a housing project;

    • (b) restrictions on the disposal, leasing or charging of the project or any part of it or interest in it;

    • (c) limits on the amount of the financial return that may be made from the project; and

    • (d) provisions giving the Corporation the right to direct the use of any amount received in excess of any limits referred to in paragraph (c).

  • R.S., 1985, c. N-11, s. 51;
  • R.S., 1985, c. 20 (2nd Supp.), s. 9;
  • 1992, c. 32, s. 36;
  • 1999, c. 27, s. 7.

52. to 55. [Repealed, 1999, c. 27, s. 7]

56. [Repealed, 1992, c. 32, s. 39]

PART VII

FACILITATION OF HOME OWNERSHIP AND OCCUPANCY

Marginal note:Owner-occupier loans, etc.

  • 57. (1) The Corporation may make loans and contributions in respect of housing projects occupied or intended to be occupied by the owner of the project, make loans to refinance debt that, in the opinion of the Corporation, relates to such a housing project, and forgive amounts owing on those loans.

  • Marginal note:Terms and conditions

    (2) The Corporation may determine the terms and conditions on which it makes a loan or contribution or forgives an amount under subsection (1).

  • R.S., 1985, c. N-11, s. 57;
  • 1999, c. 27, s. 8.