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Niagara Renovates Program SECONDARY SUITES 2015 -2016

Secondary Suites

The Niagara Renovates Program funds the creation of Secondary Suites in single family homes.

Secondary suite units must have modest floor space and

Niagara Renovates ProgramA 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.

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.

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Eligibility for Niagara Renovates Program:

1. To be eligible for Niagara Renovates Program, 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–HousingMarket Information (2015).

St.Catharines $320,000

Niagara Falls $378.405

Welland $329,900

Lincoln $388,838

Fort Erie $369,900

Niagara-on-the-Lake $459,900

Thorold $350,000

Pelham, Port Colborne, Wainfleet, West Lincold $369,900

Grimsby $478,500

2. The total gross income of the incoming tenant in the
newly created secondary suite must be….

3.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.

4. The Owner acknowledges that if the Tenant fails to
provide initial income verification to NRH, the Owner
will not be able to rent the unit to the tenant.

5. If the Owner rents the unit to a tenant that has not
provided NRH with their income verification, the
Owner will be in default of their Letter of Agreement
and the forgivable loan will be due and payable to NRH.

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Secondary Suite Maximum Rents

1. Secondary suite units must have rents at or below
approved average market rents. For 2015, the
average market rents are,

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

Conditions for Niagara Renovates Program:

Households who received Niagara Renovates funding
in the past are not eligible for this program.

Program Default 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 (confirmed annually)

The Secondary Suite Tenant fails to provide
initial income verification to NRH Program Requirements

1. 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.

2.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

3.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

1. 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.

2.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.

Final Approval
1. 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.

2.All Owners must sign the Letter of Agreement.

3.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.

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

5. 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.


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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