Rooted has secured seven multi-residential buildings totaling 197 units across Dartmouth and Truro. This acquisition ensures that all current tenants remain in their homes while safeguarding long-term affordability for decades to come.

“These homes are now protected as community assets,” said Nick Russell, CEO of Rooted. “The Province’s leadership and steadfast commitment to innovative housing programming like the Nova Scotia Community Housing Capital Fund have given Rooted the confidence to grow. With strong programs that stack together, we’ve been able to rapidly expand our portfolio, safeguard affordability at scale and broaden our geographic reach to communities like Truro. The impact of housing as critical infrastructure extends to job creation, local economic development, and most importantly, creates the environment for communities to thrive.”

The six newly acquired properties include:

• 19 Primrose St. and 2 and 4 Franklyn Court in Dartmouth
• 16A/B Park St. and 18 and 28 Minerva Dr. in Truro

The Province supported Rooted’s acquisition with over $6.8 million in grants and loans, including:

• $5,238,400 through the Community Housing Capital Fund
• $1,636,048 through the Community Housing Acquisition Program

First National and CMLS are the lenders providing the balance of financing through MLI-Select.

Quick Facts

• All 197 units are fully occupied.
• Rooted now owns and operates more than 400 affordable homes across Nova Scotia, with a growth strategy to add thousands of units in the next several years.
• Nova Scotia’s lending programs are receiving national recognition for their innovative role in helping community housing groups preserve affordability.

Additional Resources
Provincial news release – Province, Community Organization Preserve Affordable Housing in Dartmouth, Truro

Halifax Examiner – Dartmouth non-profit protects affordable rents for 200 households 

CTV News – Nova Scotia group preserving nearly 200 affordable homes in Dartmouth, Truro

AllNS