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Federal commercial rent support extended to Aug. 31

Posted on August 27, 2020 by News

The federal program has been extended to August 31.  The design of CERCA was undertaken by the federal government and Nova Scotia has been providing feedback that it receives on the program to the CMHC.

Nova Scotia has contributed $9.1-million as our share of the provincial cost-sharing portion of CERCA.  As of July 26, 417 Nova Scotian landlords have applied for CERCA, with $5.3-million in assistance requested (NS cost-share portion is $1.33-million).  This represents 756 impacted tenants.

There is a Ministerial Order restricting commercial evictions under the State of Emergency which has been extended to September 6.  A failure to comply with this Direction could result in a summary conviction with fines between $500 to $10,000 for individuals and up to $100,000 for a corporation per incident.  https://novascotia.ca/coronavirus/docs/Ministers-renewal-Aug-23-Sept-6.pdf

View original article here Source

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