Ontario Renovates Program for Hamilton

Posted on December 28, 2017January 4, 2018 by Nav Sing

The Ontario Renovates Program for Hamilton offers financial assistance to low-income households who own and occupy substandard housing to enable them to repair their dwellings to a minimum level of health and safety for Hamilton home owners.

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

The Person with Disabilities Ontario Renovates Program for Hamilton offers financial assistance to households occupied by persons with disabilities who require special modifications to improve accessibility to their residence.

Homeowners may apply if the value of their house is below a certain value and if their household income is at or below certain levels that are based on the number of people in the household. Eligibility is limited to properties in need of major repair in one or more of the following categories: Structural, Electrical, Plumbing, Heating and Fire Safety.

Ontario Renovates Program for Hamilton Home Repairs criteria includes but is not limited to:

applicants must own and occupy the home, which requires work, as their sole and principal residence;
maximum total household Canadian and foreign gross annual income at or below $60,000;
total household Canadian and foreign assets at or below $10,000;
the assessed value of the home must not exceed $250,000;
the mortgage, property taxes, and home insurance must be paid up-to-date; with no arrears owing.

Approved applicants are required to sign a Loan Agreement to be registered on the title of the home. The cost of a legal representative and registration may be an eligible cost under the program.

Assistance is provided as a 10 year forgivable loan up to a maximum of $20,000 to assist with the cost of certain work required to the home.

If the homeowner remains in the home as their sole and principal residence for the 10 year forgivable loan period, and complies with all program requirements during the term, the loan is interest free and payment free and is completely forgiven after 10 years.

The full amount of the loan is repayable if false information was provided by the applicant and/or the funding is used for purposes other than the approved use. If the homeowner ceases to occupy the home as the sole and principal residence, 10% of the loan is forgiven each year and the pro-rated balance of the loan is repayable.

Mandatory repairs relating to health and safety and to extending the useful life of the property qualify. It is important to keep in mind that this assistance is for basic mandatory repairs and not repairs to modernize or improve the appearance on the home.

Eligible repairs for Ontario Renovates Program for Hamilton Home Repairs may include the following activities:

Repair / replacement required to remedy leaky roofs where deterioration is beyond practical repairs,
basement leaking
mould/asbestos removal to eliminate a present health hazard
fire safety items
electrical defects
repairs / replacement mandated by the local municipal Building Department;

replacement of a furnace (or the home’s primary heat source) that has been flagged as obsolete and/or at the end of its useful life and/or beyond practical repair and/or has been tagged prohibiting use.

Modifications to increase accessibility including:

permanent installations of ramps,
handrails, chair and bath lifts,
height adjustments to counter tops.
cues for doorbells/fire alarms.

Any work started prior to the registration of the Loan Agreement on title is not eligible for program funding.

Work must begin within 45 days of date the Loan Agreement is registered on title and be completed within 120 days of commencement.

Email: housing@hamilton.ca
Phone: 905-546-2424 ext. 2758

[i]If you received previous Residential Rehabilitation Assistance Program (RRAP) funding within the last 15 years or Down payment Assistance Program through the City of Hamilton, you would NOT be eligible for Ontario Renovates.[/i]

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.

Ontario Renovates Program
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Ontario Renovates Program for Huron County

Posted on December 26, 2017January 4, 2018 by Nav Sing

Ontario Renovates Program Huron County is designed to improve the living conditions of low to moderate income households in need. It offers financial assistance to complete home repair deficiencies, energy efficiency upgrades and accessibility upgrades for persons with disabilities.

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

Ontario Renovates Program for Huron County

This Ontario Renovates Program for Huron County will be administered through the Housing and Property Services Division and any necessary home inspections will be completed by South Bruce Home Inspection Services.

The program provides assistance in the form of a grant for accessibility upgrades (under $5,000) or a forgivable loan for home repairs (to a maximum of $10,000).

Who is eligible?

You may be eligible if your total household income is at or below $77,600, and you own a home in Huron County that is your sole and principal residence with an assessed value of $260,098 or less.

All property taxes and mortgage payments must be up to date and insurance coverage in place for the full assessed value of the home.

How much financial assistance can I receive?

Funding for accessibility upgrades, up to a maximum of $5,000 is in the form of a grant, and does not require repayment.
Forgivable loans to a maximum of $10,000 will be secured by a promissory note provided by the County of Huron. Maximum one time funding available is $10,000 per household.

What types of repairs can be done?

Eligible repairs under the Ontario Renovates Program may be in one or more of these areas:

Heating systems including furnace replacement
Chimneys
Doors and windows
Foundations
Roofs, walls floors and ceilings
Vents, louvers
Electrical systems
Plumbing, toilet replacement, water heaters
Septic systems and well water, well drilling

Modifications to increase accessibility related to housing, and to the homeowner’s disability include, but are not limited to:

Ramps
Handrails
Chair and bath lifts
Height adjustments to counter tops
Cues for doorbells and/or fire alarms

How do I apply?

The application and support materials have been made available in the Resources below.

Applications and additional information is also available by contacting Huron County Housing and Property Services at 519.482.8505 ext 4255, during regular business hours Monday thru Friday from 8:30 AM to 4:30 PM

DISCLAIMER

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Forgivable Grants for Lambton Home Repairs

Posted on December 26, 2017January 4, 2018 by Nav Sing

The Forgivable Grants Lambton Home Repairs program offers financial assistance to repair deficiencies and improve accessibility for eligible households in need.

Forgivable Grants Lambton Home Repairs program provides one-time assistance in the form of a 10-year forgivable loan, which is secured by registration on title, for home repairs to a maximum of $20,000 per household.

Additional funding above the $20,000 maximum may be approved on a case-by-case basis by the Program Administrator, in its sole discretion.

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

The program also provides assistance in the form of a grant, which does not require repayment, for accessibility improvements to a maximum of $5,000 per household.

Forgivable Grants Lambton Home Repairs Renovates Information
https://www.lambtononline.ca/home/residents/housingservices/Documents/LR%20Info%20Sheet%202016%20Feb%202016.pdf

Forgivable Grants for Lambton Home Repairs

Who is eligible?

Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Forgivable Grants for Lambton Home Repairs Information Sheet above).

Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.
Own of a home in Lambton County that is your sole and principal residence with a maximum market value of $210,000.
All property taxes and mortgage payments must be up to date and insurance coverage in place for the full value of the home.
Your home must be in need of repair, energy and/or accessibility upgrades.

What types of repairs can be done?

Eligible repairs under the Forgivable Grants for Lambton Home Repairs Program may include major repairs and rehabilitation required to make your home safe while improving energy efficiency. Examples include but are not limited to:

Heating systems including furnace replacement
Chimneys
Foundations
Roofs, vents, louvers
Electrical systems
Plumbing, toilet replacement, water heaters
Septic systems and well water, well drilling

Modifications to increase accessibility related to housing and the occupant's disability include, but not limited to:

Ramps
Handrails
Chair and bath lifts
Height adjustments to counter tops
Bathroom renovations

How to apply?

Applications and additional information are available by contacting County of Lambton, Housing Services Department at 519-344-2062 ext. 2165, during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

Contact:
Project Coordinator
County of Lambton – Housing Services Department
Telephone: 519-344-2062 ext. 2165
Fax: 519-344-2066
Email: mackenzie.kada@county-lambton.on.ca

County of Lambton's Home ownership Down Payment Assistance Program

Home ownership Assistance Program , please note the following:

Homes purchased prior to April 1, 2017, are not eligible for funding.
Eligible applicants must submit the Purchase of Sale Agreement a minimum of 30 business days prior to the closing date.
All program requirements must be met a minimum of 15 business days prior to the closing date (i.e. final mortgage financing confirmation, Purchase of Sale conditions waiver).

Forgivable Grants Lambton Home Repairs

The purpose of the County of Lambton's Home ownership Down Payment Assistance Program is to provide eligible households living in rental accommodations with loan assistance of up to 10% to a maximum of $21,500 for the purchase of a new or resale home not exceeding $215,000.

Approval for funding is based on the information provided by applicants through the Home ownership Down Payment Assistance Application Form. Conditions for funding include, but are not limited to the following:

Applicants must be at least 18 years of age, a Canadian citizen, landed immigrant or have Refugee claimant status
Applicants must be a renter, which is defined as a Tenant who has a rental agreement for a self-contained unit with a property owner who is not a relative
Applicants and/or their spouse/partner do not currently own a home or have an ownership interest in a home or land
Applicants seeking funds to offset construction costs on land they currently own are not eligible for funding
Applicants have a maximum household income of $84,100
Applicants have a maximum of $100,000 in assets, which includes bank accounts, investments and any property
Applicants do not have outstanding social housing arrears in Ontario
Applicants will use the purchased home as their sole and principal residence
Applicants qualify for a mortgage through a recognized financial institution
Applicants who require a co-signer and/or guarantor to qualify for a mortgage are not eligible for funding
Home must be modest in size and located in Lambton County
Home may be detached, semi-detached, town home, or apartment
Mobile homes and homes on Reserve Lands are not eligible for funding
Resale homes require a recent home inspection completed by a certified home inspector and paid for by the purchaser/applicant
New homes, including conversions from non-residential use, must qualify for a Tarion Certificate of Completion and Possession under the Ontario New Home Warranty Program
Homes purchased privately require a recent home appraisal completed by a professional appraiser and paid for by the purchaser/applicant

Forgivable Grants for Lambton Home Repairs

Conditions for Repayment

Loan is forgiven if home is sold after 20 years provided the homeowner has complied with all the terms and conditions of the Loan Agreement.
If the home is sold before 20 year period expires, homeowner must repay the original loan plus a percentage of the realized capital gain.
If the home is sold before 20 year period expires and homeowner experiences a capital loss, repayment would be reduced by the amount of loss, provided the sale meets the following criteria:

the unit is sold at a fair market value; and
the purchase and sale of the unit is an arm's-length transaction

If the purchaser is in default of any term of the Loan Agreement within 20 years of the date of purchase, it is deemed a sale and the loan plus a percentage of the realized capital gain becomes immediately due.

Application Process for Forgivable Grants Lambton Home Repairs

Only complete applications will be considered. Home ownership Down Payment Assistance Application Form. An application must have all information entered and all supporting documentation provided to be considered complete.
Incomplete applications will be returned.
If an applicant is deemed eligible for the down payment assistance, the following minimum additional documentation is required:
Photocopy of the Purchase of Sale Agreement
Completion of the Loan Agreement
For resale homes, a Home Inspection Report by a certified professional Home Inspector is required, at the applicant's expense
For new homes, a Tarion Certificate of Completion and Possession under the Ontario New Home Warranty Program
For homes purchased privately, a copy of the home appraisal, completed by a professional appraiser, at the applicant's expense
Completed applications along with required documentation can be dropped off at the County of Lambton Housing Services Department. The office is located on the 2nd Floor of the Bayside Centre in Sarnia (150 N. Christina Street) and is open Monday – Friday, 8:30 a.m. – 4:30 p.m.

Contact; Project Coordinator
County of Lambton – Housing Services Department
Telephone: 519-344-2062 ext 2165
Fax: 519-344-2066
Email: mackenzie.kada@county-lambton.on.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.

Forgivable Grants Lambton Home Repairs

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

Forgivable Grants for Leeds Grenville Home Owners

Posted on December 26, 2017January 4, 2018 by Nav Sing

Forgivable Grants for Leeds Grenville Home Owners – Are you a homeowner in Leeds Grenville Ontario and is your home in need of repairs?

Does your home require modifications to reduce physical barriers related to housing for a resident in your home in Leeds Grenville Ontario

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

The Forgivable Grants for Leeds Grenville Home Owners program provides financial assistance to low income homeowners by way of a forgivable loan in order to repair their home while improving the energy-efficiency of the unit, and/or increase accessibility of their unit through modifications and adaptions.
Types of home repairs that may be eligible include:

heating systems
chimneys
doors and windows
foundations
roofs
walls
floors and ceilings
vents
louvers
electrical systems (does not include installation of solar panels)
plumbing
septic systems
well water and
well drilling

Types of accessibility repairs that may be eligible include:

ramps
handrails
chair and bath lifts
height adjustment to counter tops and
cues for doorbells/fire alarms

Applicant Eligibility

Eligible applicants must be homeowners residing within the United Counties of Leeds and Grenville, with a modest home valued at less than $200,000. Annual household income cannot exceed $55,000, and household assets cannot exceed $20,000. Property taxes, mortgage payments, land lease payments for mobile homeowners, and home insurance payments must be paid up to date.

Income and assets from all persons 18 years and older in the household must be reported, however, the income from all dependent children 18 and older enrolled in full time school will be excluded.
Funding is limited:

Applications are now being accepted on a first come, first approved basis subject to funding availability.

An information package including the application form is available for download below. You can also contact the Community and Social Services Division for more information and to obtain an application form:

Community and Social Services Division
Phone No.: 613-342-3840, extension 2401
or
Toll Free: 1-800-267-8146, extension 2401

Funding for the Forgivable Grants for Leeds Grenville Home Owners Program is provided through the Investment in Affordable Housing for Ontario (IAH) (2014 Extension) from the Ministry of Municipal Affairs and Housing.

DISCLAIMER

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Forgivable Grants for London Home Owners

Posted on December 26, 2017January 4, 2018 by Nav Sing

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.

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