Tag Archives: Financial assistance

Manitoba Rental Housing Improvement Program

What is the Manitoba Rental Housing Improvement Program?

The Rental Housing Improvement Program (RHIP) provides financial assistance to private landlords, private non-profit landlords or housing cooperatives in Manitoba, who rent to tenants of low income, to repair or rehabilitate their property and bring it up to a minimum level of health and life safety.

Manitoba Rental Housing Improvement Program

What properties are eligible?

located in Manitoba outside of First Nations communities
rented at or below the Renovation Rental Limit* for the area
leased, or intended to be leased, to tenants whose gross household income is at or below the Program Income Limits* set by Manitoba Housing for the community
rented, or intended to be rented to occupants who are not relatives of the landlord
not currently earning forgivable financial assistance under a federal, provincial or federal/provincial government housing program
not receiving ongoing operating subsidy or assistance under, provincial, federal/provincial program (does not include rent supplement)

* contact Manitoba Housing for current limits

Manitoba Rental Housing Improvement Program

How much assistance is available under the RHIP Program?

Up to $24,000 per self-contained unit for eligible repairs may be available for qualified landlords. If the unit is located in a northern or remote community, up to $28,000 may be available to qualified landlords.

Please note:

Work done before program approval is not eligible for financial assistance.
All mandatory repairs must be completed in order to receive assistance.
Landlords are responsible for any repair costs that exceed the financial assistance available under RHIP.
RHIP financial assistance is non-repayable unless the property is sold within 15 years of the completion of the repairs.
Rental Housing Improvement Program
How to Apply for Manitoba Rental Housing Improvement Program

Manitoba Housing releases a request for applications for Rental Housing Improvement Program assistance annually. Check this web page for information on the next application intake.

If you want more details, or information on other repair programs, please contact Manitoba Housing or see our repair program page.

Manitoba Housing
Houisng Delivery Branch 200-352 Donald St.
Winnipeg, MB R3B 2H8
E-mail: housingprograms@gov.mb.ca

Manitoba Rental Housing Improvement Program

Telephone: (204) 945-0778 in Winnipeg or
Toll Free at: 1-866-689-5566 outside of Winnipeg or
E-mail: housingprograms@gov.mb.ca

Manitoba Rooming House Assistance Program

What is the Manitoba Rooming House Assistance Program?

The Manitoba Rooming House Assistance Program (RHAP) provides financial assistance to private owners of rooming houses in Manitoba to repair or rehabilitate their property. Repairs will bring rooming houses up to a minimum level of safety for tenants and may also improve livability.

Ontario Renovates Program

What properties are eligible?

  • Four or more bed units rented or intended to be rented on a monthly or annual basis.
  • Rented or intended to be rented to occupants who are not relatives of the owner.
  • Property must be a minimum of five (5) years old.
  • Property must require major repair or be lacking in basic safety, health, and/or structural requirements of the Manitoba Fire Code, and other deficiencies that put tenants at risk.

Legal and licensed by the appropriate municipal authority with rents registered with the Residential Tenancies Branch.
Located in Manitoba outside of First Nations communities.
Not currently earning forgivable financial assistance under a federal, provincial or federal/provincial government housing program.
Not receiving ongoing operating subsidy or assistance under, provincial, federal/provincial program (does not include rent supplement).

How much assistance is available under the Manitoba Rooming House Assistance Program?

Southern Manitoba:
Number of Units Maximum Funding per Bed Unit

4 to 6 $25,000

7 to 10 $20,000

11+ $18,000

Northern Manitoba:
Number of Units Maximum Funding per Bed Unit

4 to 6 $29,000

7 to 10 $24,000

11+ $22,000

The assistance available is in the form of a forgivable loan and is based on the cost of mandatory repairs and the number of eligible bed units within a project.
Please note:

Work done before program approval is not eligible for financial assistance.
All mandatory repairs must be completed in order to receive assistance
You will also be responsible for any repair costs that exceed the financial assistance available under the Manitoba Rooming House Assistance Program.
Manitoba Rooming House Assistance Program financial assistance in non-repayable unless your property is sold within 10 years of the completion of the repairs.

How to Apply for Manitoba Manitoba Rooming House Assistance Program

Manitoba Housing releases a request for applications for Rental Housing Improvement Program assistance annually. Check this web page for information on the next application intake.

Ontario Renovates Program

If you want more details, or information on other repair programs, please contact Manitoba Housing or see our repair program page.

Manitoba Housing
Housing Delivery Branch
200-352 Donald St.
Winnipeg, MB R3B 2H8
E-mail: housingprograms@gov.mb.ca

Telephone: (204) 945-0778 in Winnipeg or
Toll Free at: 1-866-689-5566 outside of Winnipeg

Manitoba Homeowner Renovation Assistance

Manitoba Homeowner Renovation Assistance

helps homeowners with low income make major home repairs. Homeowners with low income may be eligible for financial assistance to repair or restore their home to a minimum level of
health and safety.

Manitoba Homeowner Renovation Assistance

Manitoba Homeowner Renovation Assistance Eligible homeowners


You may be eligible for assistance if the
following applies to you:


the home you are making an application
for is:

in need of major repair

your primary residence

located in Manitoba outside of First
Nations communities

at least five years old

assessed at a value no higher than
the current program limit

your total gross household income is at
or below the income limit set by
Manitoba Housing for your community
Contact Manitoba Housing for more
information about home value limits
and gross household income limits
set for your community, and other
requirements to qualify for this
program.

Manitoba Homeowner Renovation Assistance

Manitoba Homeowner Renovation Assistance Eligible repairs

Homeowners may be eligible for
assistance to make repairs that bring a
property up to a minimum level of health
and safety. Repairs must relate to at least
one of the following:


structural

plumbing

fire safety

electrical

heating

A program officer may visit your home to
determine what repairs are needed.

Manitoba Homeowner Renovation Assistance

Manitoba Homeowner Renovation Assistance Available assistance

Up to $20,000 for eligible repairs may be
available to qualified homeowners. If your
home is located in a northern or remote
community, up to $23,000 may be
available to qualified homeowners.

Manitoba Homeowner Renovation Assistance Important notes

All repairs must be completed within six
months of approval.

You will be responsible for any repair
costs that exceed the financial assistance
available under the Homeowner
Renovation Assistance Program.

The financial assistance doesn’t have to
be paid back unless you sell, rent or
transfer title of your home within five
years of completing the repairs.

Work done before you receive program
approval is not eligible for financial
assistance.

How to apply for Manitoba Homeowner Renovation Assistance

To request an application package, or for
information on our other repair programs,
please contact Manitoba Housing or visit

manitoba.ca/housing/repair.html

Phone: 204-945-5566 in Winnipeg or
toll-free 1-866-689-5566 outside of
Winnipeg.
Email: housing@gov.mb.ca
In person: 2nd Floor – 352 Donald Street
Winnipeg, MB R3B 2H8

Manitoba Homeowner Renovation Assistance

Manitoba Homeowner Renovation Assistance
Program is provided with financial
support from the Government of Canada.

Building Garden Suite Edmonton-Alberta

Building Garden Suite Edmonton-Alberta

Building Garden Suite Edmonton-Alberta allows maximum one-time grant of up to $20,000. There are many different programs that are available to Alberta Homeowners to save money on purchasing homes, or making renovations.  A Secondary Suite:Is a self-contained dwelling located within a single detached house
Has separate cooking, sleeping and bathing facilities. Has a separate entrance from the single detached house, either from a common indoor landing or directly from the exterior of the house

 

Building Garden Suite Edmonton-Alberta

Is a self-contained dwelling located above or attached to a side or rear of a detached garage, or detatched from the principal single detatched house Is accessory to a single detached house
Has an entrance separate from the vehicle entrance to the rear detached garage, either from a common indoor landing or directly from the exterior of the structure
Has separate cooking, sleeping and bathroom facilities

Building Garden Suite Edmonton-Alberta
Get your copy of
Directory Forgivable Canadian Real Estate Grants
now at
www.GovernmentGrantsCanada.ca


Eligibility of the Homeowner (Applicant) for Building Garden Suite Edmonton-Alberta

Fund at least 50% of the eligible costs (without relying on other government funding)
Be the owner-occupier of the principal residential unit where the suite is proposed
Rent the secondary suite to an eligible tenant earning within the maximum income threshold by household size in the city of Edmonton
Sign and commit to fulfill the terms and conditions of a 5-year operating agreement
Have no tax arrears on the property
Hold title or have valid offer to purchase

Building Garden Suite Edmonton-Alberta

Funding Parameters

Maximum one-time grant of up to $20,000
Up to a maximum of 50% of the eligible costs
Meet City zoning and Alberta Building Code requirements to permit a secondary or garden suite
Suite must be located within the boundaries of the City of Edmonton
Eligible costs include: required servicing, building materials, qualified labour for construction to meet minimum health and safety code requirements for secondary suites, valid development and construction permits

 

Ineligible costs include: furnishings, appliances, and site development
Costs incurred prior to approval of Cornerstones grant funding are not eligible
Funding will be committed based on the figures submitted. Cost overruns will not be covered by the City of Edmonton

 

Application Requirements (Required Documentation)

Completed application form, signed and dated by all parties on title
Copy of Notice of Directors or a Corporation Search if the property is owned by a company
Valid 2017 development permit form for a secondary suite or a valid garden suite permit
Itemized estimates of the total construction costs of the proposed suite
Copy of a floor plan of the proposed suite approved by a City Plans Examiner
Copy of land title or valid offer to purchase
Copy of current property tax notice or assessment
Confirmation of project financingApplication Process

Building Garden Suite Edmonton-Alberta

Submit a completed application package with all the required documentation to: Housing and Homelessness, 2nd Floor, Edmonton Tower, 10111 104 Avenue NW
Approval of grant funding will be given in writing within an approval package which will contain an approval letter, 4 operating agreements, and schedule A for potential tenants to fill out
Schedule and pass pre-drywall inspection
Schedule and pass final inspection
Submit copies of paid receipts/invoices and return the 4 copies of the operating agreement (with original signatures of all parties on title) to: Housing and Homelessness, 2nd Floor, Edmonton Tower, 10111 104 Avenue NW
City will issue the cheque when all requirements have been met
A completion package will be sent shortly thereafter which will contain a completion letter, occupancy permit sticker, and a sealed operating agreement

 

Post-construction Obligations

The homeowner must maintain tenancy records for the term of the 5 year operating agreement, and make them available at any time the City requests to see them
The homeowner must notify the City when the suite is vacant during the term of the operating agreement
The City retains the right to access the property and monitor the project and ensure compliance with all terms and conditions of the operating agreement over its 5-year term
The City may inspect a Program-funded property on an annual basis
The homeowner and tenant must provide a City inspector access within one week of a request being made to enter the premises for up to 5 years after the receipt of Program funding
A homeowner who breaches the terms of the signed operating agreement will result in full repayment of the entire grant amount.

DISCLAIMER

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.

Building Garden Suite Edmonton-Alberta
Tickets for LIVE CRASH COURSE at [color=#0000BF]http://www.Flipping4Profit.ca

Down payment in Calgary-Alberta

Buy a home with a $2,000 down payment in Calgary-Alberta

Attainable Homes Calgary Corporation (AHCC) is a nonprofit social enterprise and wholly owned subsidiary of The City of Calgary that delivers well-appointed, entry-level homes for Calgarians who have been caught in the city’s growing housing affordability gap.

Down payment in Calgary-Alberta
Get your copy of
Directory Forgivable Canadian Real Estate Grants
now at
www.GovernmentGrantsCanada.ca

Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you're also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.

Down payment in Calgary-Alberta

Attainable Homes Calgary Corporation (AHCC) In a nutshell

One significant barrier to home ownership for many moderate-income Calgarians is the Down payment in Calgary-Alberta. We remove this barrier through an investment partnership. You, as the home buyer, provide $2,000 and we provide the rest to get to the required five percent Down payment in Calgary-Alberta. You live in your home as long as you want. If and when you sell your home, that’s when a portion of the home’s appreciation goes back into the program to pay it forward to future participants. The longer you live in your home, the larger your share to a maximum of 75 percent.

Attainable Homes Calgary Corporation (AHCC) Eligibility

· Maximum household income of $90,000/year with dependent children living in the home
· Maximum household income of $80,000/year with no dependent children living in the home
· Your assets are less than 20% of the home’s purchase price, up to a maximum of $50 000 (this does not include primary vehicle, RESP, RRSP & pension)
· You can qualify for a mortgage and put $2,000 of your own money down
· You complete one of our home education sessions (group session or independent)
· Your home will be your permanent and only residence

Attainable Homes Calgary Corporation (AHCC) Shared Equity Calendar

You never have to sell your home. But if you do, that’s when we share in the home’s appreciation with you. If you live in your home for three years or more, you will keep three quarters of the increase in your home’s value. The portion we take is to help pay it forward to future program participants.

Years of ownership*

Your share of the home’s appreciation 0 – 1 year 0%

1 – 2 years 25% 2 – 3 years

50% 3 + years 75%

*There is no minimum or maximum length of time required.

Down payment in Calgary-Alberta

Attainable Homes Calgary Corporation (AHCC) Example

Sometimes it’s easier to understand how the program works when we walk through an example.

Purchase price $220,000

Deposit from you $2,000

Gifted Down payment in Calgary-Alberta we provide $9,000

Your mortgage from a preferred lender $209,000

Say you sell your home after four years and the appraised value is $254,700.

Market value of your attainable home $254,700

Minus your original deposit $2,000

Minus your mortgage amount $209,000

Appreciation (increase in value) $43,700

The home grew in value by $43,700. If you are selling after four years of ownership, you keep 75% of that value or $32,775. The program keeps 25% or $10,925 which is paid forward to more people like you. It’s an investment partnership that works to help you and others like you.

Think you are ready to take the next step?

3 simple steps that will change your life

1. Fill in the online application form by clicking the “Let’s begin” button below. This will tell us about who you are, what you’re looking for and whether you fit the program criteria.

2. Education. Every home buyer must come to our office to complete an education session which can be done individually at our computer terminals or in a group session offered monthly. The session explains how the program works, provides information about our lender and legal partners and helps you to consider whether homeownership is right for you.

3. Mortgage pre-approval. As with any home purchase, all our clients must qualify for a mortgage. We are partnered with all of the major financial institutions. Each has specific agents who are very familiar with our program. Please contact us for a list.

Home ownership is within reach…

More info at http://attainyourhome.com/

DISCLAIMER

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.

Down payment in Calgary-Alberta
Tickets for LIVE CRASH COURSE at [color=#0000BF]http://www.Flipping4Profit.ca