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

Marginal note:Contracts with builders to encourage construction

• 93. (1) The Corporation may enter into contracts with builders to encourage the construction of houses to be sold to prospective home owners.

• Marginal note:Conditions under which contracts made to encourage construction

  (2) A contract may be entered into under subsection (1) only with respect to houses the construction of which is assisted by loans made pursuant to this Act, and the contract shall provide that

  • (a) the builder shall finance the construction of the houses under the provisions of this Act;

  • (b) the builder shall offer each of the houses for sale at a price not in excess of the price fixed in the contract; and

  • (c) the Corporation shall, in consideration of the payment by the builder of such amount as the Governor in Council may prescribe, agree that any house built pursuant to the contract and remaining unsold will, within one year after the date of completion thereof, be purchased from the builder by the Corporation at a price fixed in the contract.

• Marginal note:Further conditions

  (3) A contract with a builder entered into under this section may provide

  • (a) that, during such period as the Corporation requires, the builder shall offer the houses for sale only to veterans or persons engaged in the production of defence supplies as defined in the Defence Production Act; and

  • (b) that such other things shall be done as the Corporation deems necessary in order to carry out the intent of this section and to safeguard the interests of the Corporation.

• Marginal note:Definition of "veteran"

  (4) For the purpose of this section, “veteran” means a person who had been paid or is entitled to be paid a war service gratuity under the War Service Grants Act, chapter W-4 of the Revised Statutes of Canada, 1970, and includes a person who served on active service

  • (a) in any of the naval or army forces of Newfoundland or, having been recruited in Newfoundland, in any of the naval, army or air forces raised in Newfoundland by or on behalf of the United Kingdom; or

  • (b) in any naval, army or air forces of His Majesty, other than those referred to in paragraph (a), in which the person enlisted when domiciled in Newfoundland.

94. [Repealed, 1999, c. 27, s. 20]

Marginal note:Loans, etc., for capital and operating costs

• 95. (1) The Corporation may make loans and contributions to assist with the payment of the capital and operating costs 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).