Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility is very important information. Home owners and Quebec real estate investors can save the headache and money.
Pyrrhotite and pyrite: the differences
“Pyrrhotite is a mineral species composed of iron sulfide and is of a
bronze yellow color, blackening when exposed to air. When it crystallizes in blades, pyrrhotite can produce cracks in the concrete structures.”
“Pyrite is a mineral which is found in stone and produces sulfuric acid when it oxidizes upon contact with humidity and oxygen.
When this phenomenon occurs under foundations, it can cause
the heaving and cracking of the concrete slab.”
(Source: Quebec’s building authority )Quebec
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This program grants financial assistance to the owners of
residential buildings whose foundations have been damaged
by the presence of pyrrhotite in order to enable them to get
the necessary work done to ensure the integrity of the
foundations on these buildings.
It applies to a municipality where measures have
been put in place to avoid the risks associated with t
he presence of pyrrhotite in the foundations of residential buildings.
Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility
You may benefit from this program if the following conditions are met:
The residential unit must serve as a principal residence;
The building must have been damaged by pyrrhotite,
or the building’s foundations must contain at least 0.23 % of pyrrhotite;
Work is needed to ensure the integrity of the building’s foundation.
Other conditions apply.
Financial Assistance Residences Damaged
by Pyrrhotite in Quebec Canada Assistance Offered
This financial assistance covers 75 % of the recognized
eligible costs, up to:
$75,000 if the building does not fall under the Guarantee
Plan for New Residential Buildings;
$15,000 if the building falls under the Guarantee Plan
for New Residential Buildings, but where the restoration
work on rooms located in the basement is not covered by this plan.
Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligible work includes:
Replacement of the building’s foundation, including
elements providing access to the building if they
are integrated into the foundation and, if applicable,
reconstruction of the outside siding;
Restoration of the rooms located in the basement.
Landscape, paving of the driveway or alleyways (pavement, asphalt),
restoration or replacement of wood decks or backyard accessories
(pool, spa, shed) are not eligible under this program.
Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Program Registration
The Société d’habitation du Québec has allocated the management
of the Program for Residences Damaged by Pyrrhotiteto the
municipalities and regional county municipalities (RCM).
Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Steps
You must communicate with your municipality or RCM to see
if you are eligible to the program. They will tell you what
documents you need to submit in order to create your file.
A representative from your municipality or RCM will go visit
your residence to determine what work might be eligible.
A representative from your municipality or your RCM will
set the maximum financial assistance to which you are
entitled, based on the recognized eligible costs and
work execution modalities.
You must wait for authorization from the municipality or
RCM before undertaking the work.
The financial assistance will be paid once the work has been
completed and after an inspector from the municipality or
RCM has checked that the work has been completed as agreed.
Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada For More Information
Contact your municipality or RCM Cet hyperlien s’ouvrira
dans une nouvelle fenêtre.. If you need any additional information,
contact the SHQ Client Relations Centre.
We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.
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