Ontario Renovates Grant of $10,000.00

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Ontario Renovates Grant of $10,000.00

Post: # 45708Post Flipping4Profit.ca
Fri Aug 21, 2015 5:33 pm

Ontario Renovates Grant of $10,000.00

The Ontario Renovates program of the IAH Program 2014 Extension provides financial assistance to low-to-moderate income families to:

Repair their home to bring it to acceptable standards while improving energy efficiency.

Increase accessibility of their home through modifications and adaptation.

Funding is provided in the form of a forgivable loan on the cost of approved work items. The actual amount of assistance is based on the cost of repairs and the funds available, to a maximum of $10,000. The period of forgiveness for home repair projects is 10 years.

Funding for accessibility repairs, up to a maximum of $5,000, is in the form of a grant (not a loan) and does not require repayment.

To qualify, applicants must own a home that is their sole and principle residence with an assessed value of (maximum house price is updated on a quarterly basis) and needs repairs or modifications in one of the following areas: structural, heating, electrical, fire safety, plumbing or accessibility. Applicants’ combined gross household income must be $78,500 or less (maximum income level is updated annually).

Applicants who have previously received federal and/or provincial funding to either purchase the home (AHP or IAH Homeownership component) or for repairs (Residential Rehabilitation Assistance Program (RRAP), IAH Ontario Renovates) are not eligible for Ontario Renovates funding.

Funding is available on a first come, first served basis until all funds have been exhausted. Therefore, financial assistance may not be available to all eligible applicants in the year they apply. Applications may be placed on a waiting list. Download the Ontario Renovates Application and return the completed application form along with the requested supporting documentation to the Social Housing Division. Only applications that are complete will be accessed for eligibility.

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