GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
National Housing Act — N-11 32
ding the estimated useful life of the project and in any case not exceeding fifty years. Definition of net return in any year (4) In this section, net return in any year means an amount equal to annual net earnings derived from the project computed by deducting from the total annual revenues therefrom all expenses of the year in respect thereof, including provision for taxes, insurance, repairs and maintenance, interest and an amount sufficient to amortize the cost of construction of the project, including the cost of the land, over the estimated useful life of the project. Two or more companies (5) Two or more life insurance companies may join in the development, ownership and management of a rental housing project under this section. Power of Governor in Council to designate approved lenders (6) The Governor in Council may, for the purposes of this section, designate (a) an approved lender subject to the jurisdiction of Parliament, to which lender, if designated under this paragraph, subsections (1) to (5) apply, with such modifications as the circumstances require, but the amount of its funds that may be invested shall not exceed five per cent of its assets in Canada or such amount as is approved by the Governor in Council for the purposes of this subsection; and (b) an approved lender that is not subject to the jurisdiction of Parliament but is empowered to make investments referred to in this section, to which lender, if designated under this paragraph, subsections (2) to (5) apply, with such modifications as the circumstances require, but the amount of investments in respect of which guarantees may be given under this section shall not exceed five per cent of its assets in Canada or such amount as is approved by the Governor in Council for the purposes of this subsection. R.S., 1985, c. N-11, s. 32; R.S., 1985, c. 18 (3rd Supp.), s. 37; 1991, c. 47, s. 739; 1999, c. 27, s. 5
National Housing Act — N-11 33
Power of Corporation to determine administrative matters 33 (1) The Corporation may (a) prescribe the manner in which the cost of a rental housing project shall be calculated for the purposes of section 32; (b) adjust the cost of a rental housing project in the event of the sale of a portion thereof or an addition thereto; (c) prescribe the manner in which the net earnings shall be calculated for the purposes of section 32; and (d) take such other measures as the Corporation may deem necessary or desirable to give effect to the purposes or provisions of this section and section 32 and to safeguard the interests of the Corporation. Power of insurance company to acquire land (2) Prior to the approval of an investment pursuant to paragraph 32(2)(d), a life insurance company subject to the jurisdiction of Parliament may, notwithstanding any restriction on its power to invest money contained in any other statute or law, with the approval of the Corporation, purchase land for the purpose of making an investment under subsections 32(1) and (2) and may hold and manage the land on such terms and conditions as the Corporation may specify. R.S., c. N-10, s. 18
National Housing Act — N-11 36 and 37
36 and 37 [Repealed, 1992, c. 32, s. 34]
National Housing Act — N-11 38
Definition of investment 38 In this Part, investment includes the purchase price of land, moneys expended on the installation of services, the laying out and construction of streets, sidewalks and lanes and the development of park areas, public space and facilities appropriate to a residential housing development, and such carrying charges and other expenses incurred by the company in respect of the land as may be approved by the Corporation, including taxes, insurance, repairs and maintenance. R.S., c. N-10, s. 20
National Housing Act — N-11 40
Corporation to determine amount of investment and interest and amount recovered 40 (1) At the end of the time specified in the agreement referred to in subsection 39(3), or when all the land has been sold by the company, whichever is the earlier, the Corporation shall (a) determine the aggregate amount of the investment by the company in the land and the interest thereon at the rate specified in the agreement compounded annually; and (b) determine the amount recovered by the company out of the land from sales thereof or otherwise. When Corporation to pay excess (2) If the aggregate amount determined pursuant to paragraph (1)(a) is in excess of the amount determined pursuant to paragraph (1)(b), the Corporation shall pay to the company the amount of the excess and the company shall transfer and convey to the Corporation all the unsold portion of the land. When company to pay excess (3) If the amount determined pursuant to paragraph (1)(b) is in excess of the amount determined pursuant to paragraph (1)(a), the company shall pay the amount of the excess to the Corporation. Companies may join in purchase (4) Two or more companies may join in the purchase and improvement of land for a residential housing development under this Part. R.S., c. N-10, s. 20
National Housing Act — N-11 41
Governor in Council may designate lenders as companies 41 (1) The Governor in Council may designate as a company, for the purposes of this Part, (a) an approved lender subject to the jurisdiction of Parliament, to which lender, if designated pursuant to this paragraph, sections 38 to 40 apply, with such modifications as the circumstances require, but the amount of its funds that may be invested shall not exceed five per cent of its assets in Canada or such amount as is approved by the Governor in Council for the purposes of this Part; and (b) an approved lender that is not subject to the jurisdiction of Parliament, but is empowered to make investments referred to in this Part, to which lender, if designated pursuant to this paragraph, sections 38 to 40 apply, with such modifications as the circumstances require, but the amount of investments in respect of which guarantees may be given under this Part shall not exceed five per cent of its assets in Canada or such amount as is approved by the Governor in Council for the purposes of this Part. Regulations (2) The Governor in Council may make regulations to provide for any matters concerning which the Governor in Council deems regulations are necessary or desirable to carry out the purposes or provisions of this Part. Corporation may take necessary measures (3) The Corporation may take such measures as it deems necessary or desirable to give effect to the purposes or provisions of this Part and to safeguard the interests of the Corporation. R.S., c. N-10, s. 20
National Housing Act — N-11 42
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. 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
National Housing Act — N-11 51
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. 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
National Housing Act — N-11 57
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, 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. 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
National Housing Act — N-11 58
Loans, etc., for housing expenses 58 (1) The Corporation may make loans and contributions for the purpose of assisting in the payment of, or providing allowances for, expenses that, in the opinion of the Corporation, are related to housing accommodation, and may forgive amounts owing on those loans. 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. 58; 1991, c. 47, s. 740; 1999, c. 27, s. 8
National Housing Act — N-11 61
Loans, etc., to cooperative associations 61 (1) The Corporation may make loans and contributions to cooperative associations and to their members in respect of housing projects, make loans to cooperative associations and their members to refinance debt that, in the opinion of the Corporation, relates to a housing project, and forgive amounts owing on those loans. 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 the housing project; and (b) restrictions on the disposal, leasing or charging of the project or any part of it or interest in it. R.S., 1985, c. N-11, s. 61; 1999, c. 27, s. 9
National Housing Act — N-11 73
Housing investigations and distribution of information 73 It is the responsibility of the Corporation to cause investigations to be made into housing conditions and the adequacy of existing housing accommodation in Canada or in any part of Canada and to cause steps to be taken for the distribution of information leading to the construction or provision of more adequate and improved housing accommodation and the understanding and adoption of community plans in Canada. R.S., c. N-10, s. 35
National Housing Act — N-11 74
General and special powers of Corporation 74 For the purpose of carrying out its responsibility under this Part, the Corporation may cause (a) investigations to be made into housing conditions and the adequacy of existing housing accommodation in Canada or in any part of Canada and into measures that may be taken for the improvement thereof; (b) studies to be made of investigations into housing conditions and housing accommodation made elsewhere than in Canada and into measures and plans or proposals taken or adopted or proposed elsewhere than in Canada for the improvement thereof; (c) investigations to be made into the factors affecting the cost of construction of housing accommodation and measures that may be taken to secure economies and increased efficiency in such construction; (d) plans and designs to be prepared for houses that have a low cost of construction and, in the opinion of the Corporation, will provide suitable accommodation, and arrangements to be made for the sale or distribution of the plans and designs in such manner as the Corporation sees fit; (e) information to be prepared and distributed and public lectures to be delivered to promote an understanding of the advisability of, and the principles underlying, land, community and regional planning; (f) studies to be made of land utilization and community planning and arrangements to be made for the furnishing of information and advice with regard to the establishment of community planning agencies, and the planning of regional areas, communities and subdivisions, in cooperation with any local or other authority having jurisdiction over community planning and land subdivisions or otherwise with a view to promoting coordination between local community planning and the development of public services; and (g) generally such steps to be taken as it may deem necessary or advisable to encourage the development of better housing and sound community planning and to promote construction of housing accommodation that, in its opinion, is sound and economical. R.S., c. N-10, s. 36
National Housing Act — N-11 75
to in that paragraph, manufactured or produced for installation or use in homes, if the manufacturer manufactures or produces the equipment or component parts in such volume as may be agreed on and specified in the contract. Contracts for sale and distribution (4) The Corporation may, with the approval of the Governor in Council, enter into contracts with the manufacturer referred to in subsection (3) or any other person for the sale or distribution, in such manner as it may deem advisable, of the equipment or component parts referred to in that subsection. Limitation (5) The maximum contingent liability of the Corporation under contracts entered into under subsection (3) shall not at any time exceed ten million dollars, and any amounts required to be paid by the terms of those contracts may be paid under section 29 of the Financial Administration Act . R.S., 1985, c. N-11, s. 75; 1999, c. 27, s. 11
National Housing Act — N-11 76
Agreements and assistance to develop proposals 76 (1) The Corporation may enter into agreements and make loans and contributions for the development, implementation or financing of proposals that relate to housing projects, housing affordability and choice, living environments or community planning, or that are intended to contribute to the well-being of the housing sector in the national economy, and may forgive amounts owing on those loans. Terms and conditions (2) The Corporation may determine the terms and conditions on which it enters into an agreement, makes a loan or contribution or forgives an amount under subsection (1). R.S., 1985, c. N-11, s. 76; 1999, c. 27, s. 12
National Housing Act — N-11 77
Export and international support 77 (1) The Corporation may (a) promote and develop the export of Canadian expertise, research, services and products relating to housing, living environments and community planning; and (b) support and participate in the development of, and investigate, housing, housing finance, living environments and community planning outside Canada, either directly or through other persons, including foreign governments or agencies of foreign governments and non-governmental organizations. Terms and conditions (2) The Corporation may determine the terms and conditions on which it exercises any power or function under subsection (1). R.S., 1985, c. N-11, s. 77; R.S., 1985, c. 25 (4th Supp.), s. 25; 1992, c. 32, s. 41; 1999, c. 27, s. 12
National Housing Act — N-11 78
Definition of public housing agency 78 In this Part, public housing agency means a corporation that has power to acquire and develop land for a housing project or to construct or acquire and operate a housing project and that is wholly owned by (a) the government of a province or an agency thereof; (b) one or more municipalities in a province; or (c) the government of a province or an agency thereof and one or more municipalities in that province. R.S., 1985, c. N-11, s. 78; 1999, c. 27, s. 13
National Housing Act — N-11 79
Corporation may undertake projects jointly with provinces 79 The Corporation may undertake jointly with the government of any province or agency thereof or with any public housing agency projects for (a) the acquisition and development of land for housing purposes or for any purpose incidental thereto; (b) the construction of housing projects for sale or for rent; and (c) the acquisition, improvement and conversion of existing buildings for a housing project. R.S., 1985, c. N-11, s. 79; R.S., 1985, c. 25 (4th Supp.), s. 26; 1992, c. 32, s. 42; 1999, c. 27, s. 13
National Housing Act — N-11 80
Loans, etc., to provinces, municipalities or public housing agencies 80 (1) The Corporation may make loans and contributions to a province, municipality or public housing agency for the purpose of assisting that province, municipality or agency to acquire or service land for housing purposes or for any incidental purpose and make loans to refinance debt that the Corporation is of the opinion relates to the acquisition or servicing of land for those purposes, and may forgive amounts owing on those loans. 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. 80; 1999, c. 27, s. 13
National Housing Act — N-11 84
Joint undertaking agreed by Corporation and province 84 (1) The Corporation may, pursuant to an agreement made between the Government of Canada and the government of any province, undertake jointly with the government of the province, or an agency or corporation designated in the agreement, a project for (a) the acquisition of lands for a new community, including land to be used for transportation corridors linking the community to other communities or for public open space in or around the new community or separating it from any other community; (b) the planning of the new community; and (c) the designing and installation of utilities and other services that are required for the development of the community and normally publicly owned. Conditions under which agreements may be entered into (2) No agreement shall be entered into pursuant to this section unless the province indicates its plans for urban growth, including the location, size and order of development of other new communities, and the plans are satisfactory to the Corporation. Agreements with provinces (3) Notwithstanding section 17 of the Canada Mortgage and Housing Corporation Act , an agreement referred to in subsection (1) shall be executed on behalf of the Government of Canada by the Minister with the approval of the Governor in Council and shall (a) identify the new community in respect of which a project may be undertaken and designate the agency or corporation that will be responsible for the planning and development of the new community; (b) stipulate the measures to be taken to ensure that the public will receive any economic benefits that may be obtained from the lands and services in respect of which an agreement is made under this section; and (c) contain such other provisions as are considered necessary or advisable to give effect to the purposes and provisions of this section. (4) and (5) [Repealed, 1999, c. 27, s. 14] (6) and (7) [Repealed, 1992, c. 32, s. 43] R.S., 1985, c. N-11, s. 84; 1992, c. 32, s. 43; 1999, c. 27, s. 14
National Housing Act — N-11 85
Loans for new communities 85 (1) The Corporation may, on the application of a province, and with the approval of the Governor in Council, make a loan to the province, or an agency or a corporation designated by the province, to be used for the purpose of (a) acquiring lands for a new community, including land to be used for transportation corridors linking the community to other communities or for public open space in or around the new community or separating it from any other community; (b) planning the new community; and (c) designing and installing utilities and other services that are required for the development of the community and normally publicly owned. Prerequisites for making loan (2) No loan shall be made under this section unless (a) the province applying for the loan (i) designates the agency or corporation that will be responsible for the planning and development of the new community, if the loan is to be made to the province and not to that agency or corporation, (ii) indicates the measures to be taken to ensure that the public will receive any economic benefits that may be obtained from the lands and services in respect of which loans are made under this section, and (iii) indicates its plans for urban growth, including the location, size and order of development of other new communities; and (b) those measures and plans are satisfactory to the Corporation. (3) [Repealed, 1999, c. 27, s. 15] R.S., 1985, c. N-11, s. 85; 1999, c. 27, s. 15
National Housing Act — N-11 86
Reduction of indebtedness by forgiving payment 86 Where the Corporation is satisfied that part of a loan made under section 85 has been used for the purpose of (a) planning a new community, or (b) acquiring land used for recreational or other community social facilities, the Corporation may forgive payment by the borrower of an amount not exceeding fifty per cent of the part of the loan that was used for that purpose. 1973-74, c. 18, s. 19
National Housing Act — N-11 87
Definition of charitable corporation 87 In this Part, charitable corporation means a corporation constituted exclusively for charitable purposes no part of the income of which is payable to, or is otherwise available for the personal benefit of, any proprietor, member or shareholder of the corporation. R.S., 1985, c. N-11, s. 87; 1999, c. 27, s. 16
National Housing Act — N-11 88
Loans, etc., for student housing projects 88 (1) Subject to subsection (2), the Corporation may make loans and contributions to provinces or agencies thereof, municipalities or agencies thereof, hospitals, school boards, universities, colleges, cooperative associations or charitable corporations in respect of housing projects for students and their families, and may forgive amounts owing on those loans. Provincial approval (2) Loans or contributions may be made and amounts owing on those loans may be forgiven under this section only with the approval of the government of the province where the corresponding rental housing project is, or will be, located. Exception (3) Subsection (2) does not apply to loans and contributions to a province or the forgiving of amounts owing on those loans. Terms and conditions (4) 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. 88; 1999, c. 27, s. 16
National Housing Act — N-11 89 and 90
89 and 90 [Repealed, 1999, c. 27, s. 16]
National Housing Act — N-11 91
Contributions for community services 91 (1) The Corporation may, under such terms and conditions as are determined in accordance with an agreement entered into with a province, pay to the province or any local government authority or body established by or under the law of the province contributions, in respect of each program period defined in the agreement, for the purpose of reimbursing expenditures incurred, or paying for the results obtained, in the provision, development, extension and improvement of such community services as are determined pursuant to the agreement. Allocation of contributions (2) Contributions pursuant to subsection (1) shall be allocated among local government authorities or bodies declared eligible for those contributions pursuant to and in the manner determined pursuant to the agreement referred to in that subsection. Approval by Governor in Council (3) An agreement referred to in subsection (1) shall have no force or effect unless it is approved by order of the Governor in Council. 1978-79, c. 16, s. 10