HOMEOWNER MAJOR REPAIRS AND ACCESSIBILITY
Homeowner – Repairs & Accessibility Modifications
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.
Examples of eligible repairs include:
Structural (including building exterior such as roofs,foundations or walls)
Electrical and/or heating
Examples of eligible accessibility work include:
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.
Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
Examples of projects that are not eligible include:
Cosmetic renovations and repairs
Households are allowed one application under the Niagara
Renovates Program. Funding 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.
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 funding is used for other purposes
The homeowner has misrepresented information about program eligibility
To be eligible, households must meet the following criteria:
1.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 -$31,500
2 Bedroom -$39,000
3 Bedroom -$48,000
4+ Bedroom - $59,500
For general information or to obtain an application for the
NiagaraRegional Housing (NRH)
Niagara Renovates Program –Homeowner,
Contact: 905-682-9201 ext. 3917
Niagara Regional Housing
Niagara Region Headquarters
2201 St. David’s Road W
PO Box 344, Thorold, ON
2.The home must be valued below the average MLS
(Multiple Listing Service) resale price of $257,439
(2014) – the latest Municipal Property Assessment
Corporation (MPAC)Assessment or Property Tax Bill
must be provided.
3. Homeowners who have
previously received Home ownership and/or Niagara Renovates funding
are not eligible until the 10 year forgivable period expires.
1.Complete and sign an application and provide all
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
2. NRH will conduct a title search on the property.
Associated costs will be included in the total approved funding amount.
1.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.
2. Homeowners are to obtain estimates from professional contractors and providecopies to NRH.
3.Contractors must provide copies of WSIB coverage
and Insurance Coverage as part of the quote process.
1.Quotes will be reviewed byNRH.
Final Approval will be issued via a Letter of
Agreement outlining the scope of work, funding
amount, and roles and responsibilities of both
homeowner(s) and NRH.
2.The mortgage/charge willbe registered on title byNRH.
Associated legal costs will be included in the total
approved funding amount.
3.Homeowners are to start work within 30 days of
receiving final approval. Work that started prior to
written approval by NRH is not eligible.
4.Homeowners must allow inspections by NRH:
Prior to start of work
During construction (as required)
When project is complete
These inspections are over and above the required
inspections for building permit work.
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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