Forgivable Grants for London Home Owners

Ontario Renovates Program London-Ontario

What is Forgivable Grants for London Home Owners: Home Adaptations for Independence?

The program offers financial assistance for low to moderate income households to increase accessibility of their dwelling through minor modifications and adaptations.

Forgivable Grants for London Home Owners

Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

Forgivable Grants for London Home Owners

What financial assistance can I get?

Forgivable Grants for London Home Owners Eligible clients may receive up to $5,000.00 in the form of a grant for approved home modifications. The grant does not have to be repaid provided that the homeowner agrees to continue to occupy the dwelling for at least six months commencing on the first day of the month after the final payment is issued. For a landlord/tenant application, the grand does not have to be repaid provided that the landlord agrees that the work will not result in a rent increase to the unit.

Am I eligible?

To be eligible for the Forgivable Grants for London Home Owners program, you must meet the following conditions:

  • Be a person with a disability who requires modification to their dwelling in order to live independently or be a senior age 60 or older and have difficulty with daily living activities
  • The home is assessed at a maximum of $265,000 for homeowners
  • For landlord/tenant households, the unit must be modest and the rent not to exceed the Average Market Rent for London * The Average Market Rent for: Apartments; Bach $632/month, one bedroom $807/month, two bedroom $1013/month and, three bedroom $1,160/month. Row Structures; two bedroom $965/month, three + bedroom $1021/month.
  • The income of the household is a maximum of $60,000
  • The home/unit is the sole and principal residence
  • Modifications must be completed within two months after the date of the Final Approval letter
  • Properties must be located in the City of London or Middlesex County
  • Any work carried out before written confirmation of final approval from the City of London is not eligible for assistance

What can I use the funding for?

The Forgivable Grants for London Home OwnersProgram covers modifications which are permanent and make it easier and safer for a person with a disability or a senior. Minor modifications can include, but are not limited to:

Ramps

  • Handrails
  • Chair and bath lifts
  • Grab bars
  • Levered handles on doors and faucets
  • Multiple cue smoke detectors
  • Personal emergency response system
  • Height adjustment to counter tops

How do I apply?

You can obtain an application form from the City of London, Housing Access Centre at:

355 Wellington Street, Suite 248, London or
By calling 519-661-0861

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.

Forgivable Grants for London Home Owners

Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Forgivable Grants for Muskoka Home Owners

Funding for Home Repairs for Muskoka Home Owners

Forgivable Grants for Muskoka Home Owners – Do you have home repairs that need to be done, but you don't have enough money to do them?

Forgivable Grants for Muskoka Home Owners
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

Forgivable Grants for Muskoka Home Owners is a program for low and modest income households that provides funding for necessary:

  • Home repairs
  • Home accessibility modifications for persons with disabilities
  • The purchase and installation of energy-saving products

Forgivable Grants for Muskoka Home Owners

Funding is limited, and will be available based on eligibility requirements and receipt of complete and eligible applications. There are 12 Ontario Renovates loans available , at a maximum of $12,200 each.


Eligibility Requirements

  • Property value may not exceed the House Value Threshold, set at $295,000 for 2017/2018
  • Total household income must be at or below the Homeowner Income Threshold, set at $79,700 for 2017/2018
  • Total household asset level must be less than $20,000 which includes, savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
  • The home must be at least five years old
  • The home cannot have been purchased with a Homeownership down payment assistance loan
  • Ontario Renovates projects must meet eligible repair project parameters

Forgivable Grants for Muskoka Home Owners

Terms & Conditions

  • The program will fund up to 100% of the cost of qualifying repairs, replacements and related costs to a maximum of $12,200 per owner-occupied home, in the form of a forgivable loan based on the cost of the approved work items
  • The loan forgiveness period for the home repair loan is 10 years
  • Forgivable Grants for Muskoka Home Owners are forgiven at an equal rate annually, for each of the 10 years
  • Applicants will be required to sign a loan agreement with the District Municipality of Muskoka, and the home repair loan will be secured through a mortgage that will be registered on title
  • Once an applicant(s) is in receipt of a conditional letter of acceptance for the Ontario Renovates program, and until the project is complete and the forgivable loan is registered on title, applicant(s) may not change any terms of their mortgage, including refinancing

Forgivable Grants for Muskoka Home Owners
The District must be named as an additional insured party on the applicant's home insurance policy

Accessibility Grants

Forgivable Grants for Muskoka Home Owners Accessibility Grants are available in funding amounts of up to $5000.00 (non-repayable) for accessibility modifications
A healthcare professional must provide confirmation of the disability and outline the recommended modifications to enable greater independent living
Accessibility Modification Grants may be combined with Home Repair loans at the discretion of the District
For more information regarding the Ontario Renovates Accessibilities Grant please refer to the Ontario Renovates Program Guidelines
Forgivable Grants for Muskoka Home Owners
Direct Questions to:
Affordable Housing Program
:(705) 645-2412, ext. 614

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.

Forgivable Grants for Muskoka Home Owners
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Forgivable Grants for Niagara Home Owners

Homeowner – Repairs & Accessibility Modifications

Forgivable Grants for Niagara Home Owners – The Niagara Renovates Program is a program for low-and modest-income households in Niagara that funds:

Affordable housing repairs
Housing modifications for persons with disabilities

To qualify, existing homes must need repairs to bring them up to a minimum level of health and safety, and/or permanent modifications to increase accessibility for the occupant’s disability. All repair work must include energy-saving products where possible.

Forgivable Grants for Niagara Home Owners
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

Eligible Projects

Examples of eligible repairs include:

  • Structural (including building exterior such as roofs, foundations or walls)
  • Plumbing
  • Fire safety
  • Electrical and/or heating

Examples of eligible accessibility work include:

  • Ramps
  • Handrails and chair/bath lifts
  • Height adjustment to counter tops
  • Cues for doorbells/fire alarms

The improvements must be permanent and remove physical barriers, safety risks and improve daily living within the home.

Ineligible Projects

Examples of projects that are not eligible include:

  • Landscaping
  • Routine maintenance
  • Cosmetic renovations and repairs

Funding

Households are allowed one application under the Niagara Renovates Program.Forgivable Grants for Niagara Home Owners is provided as a fully forgivable loan, which is written off at an equal rate over a 10 year period. The loan is not repaid if the homeowners remain as owners and live in the home during the 10 year forgivable period.

The maximum loan amount includes a portion for accessibility repairs, if required, of up to $5,000 that does not need to be repaid.

 

Forgivable Grants for Niagara Home Owners

Forgivable Grants for Niagara Home Owners

Program Default

If any of the following occur, the homeowner is considered to be in default and the balance of the loan amount must be repaid:

  • The home is sold
  • The homeowner stops living in the unit as the primary residence
  • The Forgivable Grants for Niagara Home Owners funding is used for other purposes
  • The homeowner has misrepresented information about program eligibility

Eligibility

To be eligible, households must meet the following criteria:

The total income of all household members must be at or below the following, based on the number of bedrooms in the home:

  • 1 Bedroom – $33,500
  • 2 Bedroom – $41,000
  • 3 Bedroom – $50,500
  • 4+ Bedroom – $61,500

Homeowners must own the home for a minimum of five (5) years.

  • The home must be valued below the average MLS (Multiple Listing Service) resale price of $339,294 – the latest Municipal Property Assessment Corporation (MPAC) Assessment or Property Tax Bill must be provided.
  • Homeowners who have previously received Homeownership and/or Forgivable Grants for Niagara Home Ownersfund are not eligible until the 10 year forgivable period expires.

Note: NRH will determine the homeowners financial capacity to make the repairs requested, based on their income, savings and other liquid assets.Homeowner Requirements

Complete and sign an application and provide all supporting documentation, including:

  • Copy of Driver’s License(s), passport(s) or other photo identification to verify owners
  • Proof of income of all members of household
  • MPAC Assessment or Property Tax Bill
  • Insurance coverage
  • NRH will conduct a title search on the property. Associated costs will be included in the total approved Forgivable Grants for Niagara Home Owners funding amount.
Forgivable Grants for Niagara Home Owners

 

 

 

Conditional Approval

If the application is complete and meets eligibility requirements, an inspection will be conducted on the property. A report will be provided to the homeowner with Conditional Approval.
Homeowners are to obtain estimates from professional contractors and provide copies to NRH.
Contractors must provide copies of WSIB coverage and Insurance Coverage as part of the quote process.Final ApprovalQuotes will be reviewed by NRH. Final Approval will be issued via a Letter of Agreement outlining the scope of work, Forgivable Grants for Niagara Home Owners funding amount, and roles and responsibilities of both homeowner(s) and NRH.
The mortgage/charge will be registered on title by NRH. Associated legal costs will be included in the total approved Forgivable Grants for Niagara Home Owners funding amount.
Homeowners are to start work within 30 days of receiving final approval. Work that started prior to written approval by NRH is not eligible.

 

 
Forgivable Grants for Niagara Home Owners
Homeowners must allow inspections by NRH:
Prior to start of work
During construction (as required)
When project is completeThese inspections are over and above the required inspections for building permit work.
Contact

Forgivable Grants for Niagara Home Owners

For general information or to obtain an application for the Niagara Regional Housing Niagara Renovates Program – Homeowner

Contact: 905-682-9201 ext. 3917

Or mail to:
Niagara Regional Housing
Niagara Region Headquarters
Campbell East
1815 Sir Isaac Brock Way
PO Box 344, Thorold, ON
L2V 3Z3

If you require this or any other material in an alternate format, please contact Niagara Regional Housing.

Secondary Suites

The Niagara Renovates Program is a program that funds the creation of Secondary Suites in single family homes. Secondary suite units must have modest floor space and amenities.

A Secondary Suite is defined as a self-contained, separate unit with sleeping, full kitchen and bath facilities and a separate entrance. The new unit must meet applicable zoning, building, fire and property standards.

Forgivable Grants for Niagara Home Owners Funding for Secondary Suites of up to $25,000 is a fully forgivable loan which is written off at an equal amount over a 15 year period, provided the Owner complies with the conditions of the Letter of Agreement.

The loan amount includes a grant portion for accessibility modifications, if required, of up to $5,000 that does not need to be repaid.

Eligibility

To be eligible, the single family home must be valued at or below the median price of single-detached homes as per Canada Mortgage & Housing Corporation’s (CMHC) Housing Now – Housing Market Information (2016).
St. Catharines $390,000
Niagara Falls $380,000
Welland $345,000
Lincoln $319,344
Fort Erie $389,229
Niagara-on-the-Lake $460,000
Thorold $420,000
Pelham, Port Colborne, Wainfleet, West Lincoln $500,000
Grimsby $582,646

The total gross income of the incoming tenant in the newly created secondary suite must be at or below the following, based on the number of bedrooms in the secondary suite:
Bedroom Type Bachelor 1 Bedroom
Household Income Limit $27,000 $33,500

Prior to move-in and lease signing, the Tenant is required to complete an Income Verification Form with supporting income documentation, and provide it to NRH to assess initial eligibility.

The Owner is required to incorporate the following clauses into their lease with the secondary suite tenant:
Ninety (90) days prior to the tenant’s annual anniversary date, the Tenant is required to complete an Income Verification Form, include copies of supporting income documentation and submit it to NRH to assess continued eligibility.
If the Tenant earns above the maximum income limit (issued annually), the Tenant is required to move out of the unit.

The Owner acknowledges that if the Tenant fails to provide initial and annual income verification to NRH, the Owner will be in default of the Letter of Agreement and the balance of the forgivable loan must be repaid.

Secondary Suite Maximum Rents

Secondary suite units must have rents at or below approved average market rents. For 2017, the average market rents are:
Area Bachelor 1 Bedroom
St. Catharines $661 $831
Niagara Falls $566 $809
Welland $625 $757
All Other Areas $634 $802

Applicants for secondary suites may be taken from NRH’s centralized waiting.

Households who received Forgivable Grants for Niagara Home Owners funding in the past are not eligible for this program.
[b]Program Default[/b]

If any of the following occur, the Owner is considered to be in default of the Letter of Agreement and the balance of the forgivable loan must be repaid:

The home is sold
The funding is used for other purposes
The Owner misrepresented information about program eligibility
The Owner charges a rent that is above the maximum allowed rent
The Secondary Suite Tenant fails to provide initial and ongoing income verification to NRH
The Secondary Suite Tenant’s income is above the maximum income allowed

Program Requirements

Prior to completing a Secondary Suite Application, the Owner is required to obtain written confirmation from their municipal Building/Planning Department that their property is properly zoned to allow for Secondary Suites.

The Owner is required to complete and sign the application form and provide all supporting documentation including:
Copy of driver’s license(s) or passport(s) or other photo identification to verify owners
Written confirmation from the Building/Planning Department that the property is properly zoned
Home insurance coverage
Copy of MPAC Statement or Property Tax Bill

A title search of the property will be conducted by NRH. The associated costs will be included in the total approved funding amount.

Conditional Approval

If the application is deemed eligible for funding, NRH will provide Conditional Approval. At that time, the Owner will be required to submit and obtain approval from the municipal Building/Planning Department & Fire Department for their secondary suite plans/drawings. A copy of the approved drawings is to be forwarded to NRH for review.

When drawings/plans are approved by NRH, the Owner is required to obtain a minimum of three quotes for the construction of the Secondary Suite, obtain contractor WSIB Clearance and Insurance Coverage and forward all documentation to NRH for review and approval.

[b]Final Approval[/b]

NRH will review all documentation and will issue Final Approval via a Letter of Agreement, outlining the scope of work, funding amount, and roles of the Owner(s) and NRH.

All Owners must sign the Letter of Agreement.

The Letter of Agreement and Mortgage/Charge will be registered on title. Registration fees will be included in the total approved amount. NRH will not issue any payment until all documents are registered on title.

The Owner is required to start work within 45 days. Work started prior to written approval by NRH is not eligible.

The Owner is required to allow inspections by NRH:
Prior to start of work
During construction
When project is complete

These inspections are over and above the required inspections by the municipal Building Department.
Other Regional Programs

Niagara Region partners with local municipalities to provide incentives for housing in "Community Improvement Plan" areas. If a property is in one of these areas, homeowners may be eligible for Regional/ Municipal contributions to their project. Programs that may assist homeowners with their project are set by each municipality. Homeowners should check with their local municipality to determine if they are eligible for any incentive programs.

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.

Forgivable Grants for Niagara Home Owners
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Forgivable Grants for Ottawa Home Owners

Home Owner

Forgivable Grants for Ottawa – the Ontario Renovates program administered by the City’s Housing Services branch ("Housing Services"), provides limited funding to low income seniors and to persons with disabilities who own their home for necessary repairs and accessibility modifications to support independent living.

Eligibility of applicants

Homeowners who are 65 years of age or older
People with disabilities
Families with a household member(s) who is a senior or person with a disability may be eligible if property value and income criteria are also met (criteria listed below)

Forgivable Grants for Ottawa Home Owners
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

Forgivable Grants for Ottawa Home Owners

Eligibility of property

Your property may be eligible for the program if it is:

Located in the City of Ottawa;
Valued at or under $408,030 as determined by the province and verified by the owners most recent property tax or MPAC assessment; and
Your sole and primary residence.

Forgivable Grants for Ottawa Home Owners

Eligibility of repairs and accessibility modifications

Your home may be eligible for the Forgivable Grants for Ottawa Home Owners program if it requires repairs and/or modifications to make it safer, more accessible and more energy efficient. Examples of acceptable repairs and modifications include, but are not limited to:

  • electrical and heating systems including chimneys
  • doors and windows
  • foundations, roofs, walls, floors and ceilings
  • plumbing
  • septic systems, well water, and well drilling
  • fire safety
  • cues for doorbells or fire alarms
  • ramps, handrails, chair and bath lifts, height-adjusted countertops

Please note that any repairs or modifications carried out before the loan or grant is approved in writing and a funding agreement is signed are not eligible and will not be reimbursed.

Forgivable Grants for Ottawa Home Owners

Scope of funding

The Forgivable Grants for Ottawa Home Owners program provides funding in the form of a forgivable loan and/or grant for eligible applicants or participants up to a maximum amount of $18,500:

Forgivable Grants for Ottawa Home Owners

Forgivable Grants for Ottawa Home Owners go up to five thousand dollars ($5,000) can only be used for accessibility modifications to the home.
Forgivable loans up to fifteen thousand dollars ($15,000) can be used for both accessibility modifications and essential repairs and must be approved by the program administration.
The loan will be forgiven if you continue to own and live in the house for ten (10) years after the repairs or modifications have been completed.
The amount of the loan is contingent on the total grant amount taken to equal a maximum of $18,500 in total funding received by the applicant.
Eligible households can only receive the loan/grant amount that is verified by quotes for projects.

 

Duration of program

Housing Services is accepting applications and will continue to do so until all funds are spent or until March 31st, 2018, whichever comes first.

Timelines

Once the Housing Services branch has received the application, the applicant will be contacted by letter declaring eligibility or non-eligibility. Applicants will also be notified if documents are missing.

Use of funds

Funds awarded can only be used for the purposes outlined in the Funding Agreement with Housing Services. If the cost of the necessary repairs or modifications is more than the maximum amount of the grant and/or loan provided, you, as the property owner, may have to cover the additional cost. Reporting and follow-up

Forgivable Grants for Ottawa Home Owners

Housing Services may follow up with you annually to determine if you are the title owner of the property. If you sell or move within 10 years of receiving a forgivable loan, you will be required to pay all or a portion of the loan back to the City.

How to apply for funding

Print and complete this application form PDF opens in a new tab or window [PDF – 162KB] and provide all necessary documents
Print this checklist PDF opens in a new tab or window
Contact the program at the phone number or email address below to request an application package be mailed to you

All applications with necessary documents must be mailed or delivered to:
City of Ottawa
Housing Services branch
Ontario Renovates program
100 Constellation Drive, 8th Floor West
Ottawa, ON, K2G 6J8

For more information about the Ontario Renovates program, please call our information line at 613-580-2424 ext. 12300 or email Ontariorenovates@ottawa.ca (link sends e-mail).

Rooming House

The Rooming House Renovation Program falls under the Ontario Renovates Program that is administered by the City’s Housing Services branch ("Housing Services") and provides limited funding to qualifying landlords for essential repairs and renovations as well funding to modify existing unit(s) or building(s) to make them more accessible and in compliance with the Accessibility for Ontarians with Disabilities Act, 2005.

Eligibility of applicants

A rooming house property may be eligible for the program if it is:

  • Located in the City of Ottawa
  • Modest unit relative to community norms in terms of floor space and amenities;
  • Rent affordability based on 60% of the Average Market Rent (AMR) for Ottawa – (rent table is below (updated yearly by CMHC Rental Market Report));
  • A rooming house that require essential repairs and/or energy efficiency upgrades;
  • A rooming house that require modifications to increase accessibility;
  • A rooming house that is in good standing with the City of Ottawa (or) actively working towards compliance as determined by the City.

Monthly Rent Unit Type 60% of Average Market Rent
Residential services home/Rooming House Up to $589.20
Examples of essential repairs

Examples of essential repairs include, but are not limited to:

  • Replacement of windows to energy efficient double pane, low E argon windows;
  • Roof replacements using attic insulation to a minimum of R40Furnace and/or heating equipment;
  • Toilet replacement with low-flush or dual-flush toilet (6 litres per flush or less);
  • Replacement of water heater with an ENERGY STAR qualified instantaneous water heater;
  • Modifications of kitchen and bathrooms;
  • Other items will be reviewed and considered that improve the quality of the dwelling for the tenants.

Examples of accessibility modifications

Examples of acceptable accessibility modifications include, but are not limited to:

  • Ramps;
  • Handrails;
  • Chair and bath lifts;
  • Countertops height adjustments;
  • Cues for doorbells and fire alarms.

Scope of funding

The Forgivable Grants for Ottawa Home Owners program provides funding in the form of forgivable loans to qualifying landlords:

Forgivable loans up to ten thousand dollars ($10,000) per rooming unit (room) up to a maximum of $100,000 per property;

  • Total loan is dependent on how many rental units are in the rooming house and the scope of repairs approved by the Housing Services Branch;
  • The loan will be totally forgiven if rent levels are maintained for the full 15 years as per CMHC Rental Market Report;
  • 1/15 (6.67%) of the total loan will be forgiven each year;
  • Eligible landlords can only receive one loan per address under this program;
  • A second mortgage must be registered on the approved property.

Duration of program

Housing Services will accept applications until all funds are spent, or until March 31st, 2018, whichever comes first.

Timelines

Once Housing Services has received the application, the applicant will be contacted by a case coordinator from the Affordable Housing Unit. Applicants will also be notified if documents are missing. The full review of the application will include a visual property and building assessment and internal review by city staff. Please note that application review timelines may vary.

Release of funds

Funding will be committed to an approved rental property owner upon signing a Funding Agreement document with Housing Services outlining the total amount funded and the terms and conditions attached to the use and release of funds.

Please note that any repairs and/or energy efficiency upgrades carried out before the loan is approved in writing are not eligible for the Forgivable Grants for Ottawa Home Owners program and will not be reimbursed.

Use of funds

Funds awarded can only be used for the purposes outlined in the Funding Agreement with the City of Ottawa’s Housing Services. If the cost of the necessary repairs and/or modifications is more than the maximum amount of the loan provided, you, as the property owner, must cover the additional cost.
Reporting and follow-up

Housing Services will follow up with you on an annual basis for your rent roll to ensure the units within the property remain affordable. If you sell, transfer title or increase the rent beyond the 60% of AMR (updated yearly – CMHC Rental Market Report) within 15 years of receiving a forgivable loan, you will be required to pay all or a portion of the loan back to the City.

How to apply for funding

Contact the program at the phone number or email address below to request an application package be mailed to you

All applications with necessary documents must be mailed or delivered to:
City of Ottawa Housing Services
Ontario Renovates Program
100 Constellation Drive, 8thFloor West
Ottawa, ON, K2G 6J8

For more information about the Ontario Renovates program, please call our information line at 613-580-2424 ext. 12300 or email Ontariorenovates@ottawa.ca (link sends e-mail).

Rental Units

The Ontario Renovates program is administered by the City’s Housing Services branch ("Housing Services") and provides limited funding to qualifying landlords for essential repairs and renovations as well as modifications to improve accessibility of their existing unit(s) or building(s) and make them in compliance with the Accessibility for Ontarians with Disabilities Act, 2005.

Eligibility of applicants

The rental property may be eligible for the program if it is:

Located in the City of Ottawa;
Modest unit relative to community norms in terms of floor space and amenities;
Rent affordability based on the Average Market Rent (AMR) for Ottawa as established by the Canadian Mortgage and Housing Corporation's Rental Market Report(link is external) (also see table below);
Not at the same municipal address as the landlord's residence;
A building or unit that require essential repairs and/or energy efficiency upgrades;
A single unit or multi-unit building that requires modifications to increase accessibility and accommodate tenants who are seniors and/or persons with disability;

Examples of acceptable accessibility modifications include, but are not limited to:

Ramps
Handrails
Chair and bath lifts
Countertops height adjustments
Cues for doorbells and fire alarms

Scope of funding

The Forgivable Grants for Ottawa Home Owners provides funding in the form of forgivable loans to qualifying landlords:

Forgivable loans up to ten thousand dollars ($10,000) per rental unit up to a maximum of $100,000 per property;
Total loan is dependent on how many rental units are in the rental building and the scope of repairs approved by the Housing Services Branch;
The loan will be totally forgiven if rent levels are maintained for the full 15 years;
1/15 (6.67%) of the total loan will be forgiven each year;
Eligible landlords can only receive one loan per unit under this Forgivable Grants for Ottawa Home Owners program
A second mortgage must be registered on the approved property for all forgivable loans exceeding $25,000

Duration of Forgivable Grants for Ottawa Home Owners program

Housing Services will accept applications until all funds are spent, or until March 31st, 2018, whichever comes first.

Ineligible projects

The following projects are not eligible for Ontario Renovates funding:

Retirement Homes, Long-Term Care Homes (including nursing homes), and crisis care facilities
Units not subject to the Residential Tenancies Act, 2006 (except shelters and transitional housing that house victims of domestic violence)
Projects that received funding under AHP (2005), AHP Extension (2009) – Rental and Supportive and IAH – Rental Housing
Units for which the homeowner received Homeownership component funding under the AHP or IAH
Social Housing units as defined under the Housing Services Act, 2011

Timelines

Once Housing Services has received the application, the applicant will be contacted by letter declaring eligibility or non-eligibility. Applicants will also be notified if documents are missing.
Release of funds

Funding will be committed to an approved rental property owner upon signing a Funding Agreement document with Housing Services outlining the total amount funded and the terms and conditions attached to the use and release of funds.

Please note that any modifications carried out before the loan is approved in writing are not eligible and will not be reimbursed.

Use of funds

Funds awarded can only be used for the purposes outlined in the Funding Agreement with the City of Ottawa’s Housing Services branch. If the cost of the necessary modifications is more than the maximum amount of the loan provided, you, as the property owner, must cover the additional cost.
Reporting and follow-up

Housing Services will follow up with you on an annual basis for your rent roll for the funded unit(s) to ensure the units remain affordable. If you sell or increase the within 15 years of receiving a forgivable loan, you will be required to pay all or a portion of the loan back to the City.


How to apply for funding

All applications with necessary documents must be mailed or delivered to:
City of Ottawa
Housing Services branch
Ontario Renovates program
100 Constellation Drive, 8thFloor West
Ottawa, ON, K2G 6J8

For more information about the Forgivable Grants for Ottawa Home Owners please call our information line at 613-580-2424 ext. 12300 or email Ontariorenovates@ottawa.ca (link sends e-mail).

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.

Forgivable Grants for Ottawa Home Owners
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Home Repairs Funding Peel-Ontario

Homeowner Renovation Assistance Region of Peel
Brampton, Mississauga and Caledon

The Region of Peel offers Home Repairs Funding Peel-Ontario to eligible homeowners to cover the cost of home repairs and accessibility improvements.

Forgivable Grants for Ottawa Home Owners
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

This grant is available to eligible seniors (age 65 and over) or people with a disability who have an annual household income of no more than $60,000.

Contact Us

If you have questions, contact us by phone at 905-793-9200.

Second Unit Renovation Assistance Region of Peel
Brampton, Mississauga and Caledon

Home Repairs Funding Peel-Ontario

The Region of Peel offers Home Repairs Funding Peel-Ontario to eligible homeowners to cover the cost of home repairs and accessibility improvements to existing second units. A second unit is defined as a private, self-contained unit within an existing home, with a separate entrance, its own full kitchen and bathroom, and a separate bedroom(s).

Home Repairs Funding Peel-Ontario

 

 

 

 

 

This grant is available to eligible homeowners who are renovating an existing second unit to improve health and safety, increase accessibility and register the unit in the Peel region.

Home Repairs Funding Peel-Ontario

Home Repairs Funding Peel-Ontario

 

 

 

 

 

Contact Us

If you have questions, contact us by phone at 905-791-7800 ext. 8032 or by email at zzg-peelrenovatessecondunits@peelregion.ca

 
Home Repairs Funding Peel-Ontario

 

 

 

 

 

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.

Home Repairs Funding Peel-Ontario
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

 
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.