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National Housing Act

Version of section 57 from 2019-06-21 to 2024-11-26:


Marginal note:Owner-occupier loans, etc.

  •  (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, acquire an interest or right in such a housing project, make an investment in order to acquire such an interest or right, 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, with the approval of the Minister of Finance, determine the terms and conditions on which it makes a loan, contribution or investment, acquires an interest or right or forgives an amount under subsection (1).

  • R.S., 1985, c. N-11, s. 57
  • 1999, c. 27, s. 8
  • 2019, c. 29, s. 312

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