What is the Secondary Suites Program?
- Provides financial assistance to eligible homeowners to construct a secondary suite in the form of a forgivable loan for 50% of the total construction/renovation costs to a maximum of $35,000 per suite.
Tenants in Ontario facing eviction for non-payment of rent can apply to receive financial assistance from the Ontario provincial rent bank program i.e. Rent Bank in Ontario. If a tenant’s application is approved, the outstanding rent is paid directly to the landlord on behalf of the tenant.
Canada Mortgage and Housing Corporation (CMHC) through RRAP-C assists in the creation of affordable housing for low-income households by providing financial assistance to convert non-residential properties into affordable, self-contained rental housing units or bed-units.
The Home Adaptations for Seniors’ Independence (HASI) program offers financial assistance for minor home adaptations that will help low-income seniors to perform daily activities in their home independently and safely.
CMHC delivers renovation programs in Prince Edward Island, where the province cost-shares on a 75% federal / 25% provincial basis and in Yukon Territory.
Manitoba Homebuyer Down Payment Assistance Program (HDPA) provides financial assistance towards the purchase of qualifying new or recently renovated properties in targeted areas of Winnipeg. Manitoba Housing assists in providing affordable housing for low-income Manitobans through a variety of programs. Funding for the Manitoba Home buyer Down Payment Assistance Program falls under the HOMEWorks! initiative which focuses on inner-city revitalization including housing for refugees and immigrants, older Manitobans, urban Aboriginals, northern Manitobans and those who are homeless.
What is HOME Program?
The HOME Program Down payment assistance helps low income people become homeowners, through education, financial assistance and one-on-one counselling.
The Home ownership Program and Ontario Renovates Program are made possible through the Investment in Affordable Housing (IAH) Program 2014 Extension, which is funded by the federal and provincial governments.
Nunavut Down payment Assistance Program (NDAP) assists clients in achieving home ownership through conventional financing means by providing financial assistance to ensure the clients have ten percent of the total house costs to contribute as a down payment.
A personal financial (mortgage equity) contribution by the client, when combined with NDAP, will ensure that clients meet the minimum down payment requirement of conventional mortgage lenders.