10(1)The Corporation may
(b)
become a party to any contract or agreement within its powers;
(c)
receive by donation and otherwise acquire, hold, sell, mortgage, hypothecate, convey or otherwise deal with any real or personal property or any interest therein;
(d)
take or hold mortgages, hypothecs, liens and charges to secure payment of any debt owing to it and sell or otherwise dispose of such mortgages, hypothecs, liens and charges;
(e)
engage persons to carry out construction or other work with respect to any project or development undertaken by the Corporation;
(f)
make loans and accept security by way of mortgage, promissory notes or other security for such loans;
(g)
subject to the regulations, provide financial or other assistance to a person or non-profit corporation seeking to purchase, construct, alter, add to or repair a residential housing unit or seeking to repay a loan in respect of such residential housing unit;
(h)
subject to the regulations, provide financial or other assistance to a person or non-profit corporation to assist with the cost of housing, including rental supplements, shelter allowances, heating costs, payment of Provincial or municipal property taxes and the repayment of loans;
(i)
subject to the regulations, provide financial or other assistance to a person seeking to repair, upgrade or maintain his residence, including repairs, upgrading or maintenance to the structure of the residence and the septic, plumbing, heating or electrical systems, so as to provide affordable, suitable and adequate housing; and
(j)
undertake routine studies, surveys or other forms of research relevant to housing related needs and activities.
10(2)The Corporation may, with the approval of the Lieutenant-Governor in Council,
(a)
acquire, service and develop land for housing purposes or urban renewal schemes;
(b)
construct, acquire, renovate, manage and operate housing projects and student housing projects;
(c)
prepare urban renewal schemes, including the economic, social and engineering research and planning necessary therefor;
(d)
implement or carry out urban renewal schemes;
(e)
enter into such agreements with the federal corporation, municipalities or agencies of other levels of government as the Corporation considers desirable, including, but not so as to restrict the foregoing, the sharing of costs of studies, infrastructure or housing projects, contributions or loans for or to municipalities for improving living conditions of residents, and the implementation of any purpose contemplated by this Act or the federal Act;
(f)
undertake other activities related to housing programs or activities;
(g)
undertake studies, surveys or other forms of research relevant to housing related needs and activities other than those set out in paragraph (1)(
j); and
(h)
incorporate a non-profit corporation.
Agreement respecting urban renewal scheme
10(3)Where the Corporation agrees to make contributions for the preparation or implementation of an urban renewal scheme, the Corporation may enter into an agreement with a municipality for the purpose of having the municipality refuse to grant any building permit in the urban renewal area for a period not exceeding two years.
10(4)The Lieutenant-Governor in Council may make regulations
(a)
respecting financial or other assistance under paragraphs (1)(
g), (
h) or (
i);
(b)
defining any term used in this section and not otherwise defined in the Act; and
(c)
respecting other matters considered necessary or ancillary to effecting the intentions of paragraphs (1)(
g), (
h) or (
i).
1967, c.17, s.10; 1968, c.42, s.8; 1970, c.38, s.2; 1971, c.52, s.1, 2; 1972, c.51, s.1, 2; 1973, c.63, s.1, 2, 3; 1976, c.13, s.4; 1978, c.42, s.2; 1980, c.37, s.7; 1982, c.46, s.1; 1983, c.58, s.3; 1985, c.62, s.1; 1986, c.60, s.5