Forgivable Home Repair for City of Cornwall Home owners

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Forgivable Home Repair for City of Cornwall Home owners

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Sun Dec 24, 2017 6:10 pm

Forgivable Home Repair for City of Cornwall Home owners

Ontario Renovates is a Ministry of Housing (MH) program for low and moderate income households that provides funding for the following:

Major repairs and rehabilitation required to make a house safe
Housing modifications to increase accessibility


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

The City of Cornwall as Service Manager delivers the Ontario Renovates funding to eligible property owners within the City of Cornwall and United Counties of Stormont, Dundas & Glengarry.

Components

Ontario Renovates has two components:

An Urgent Home Repair component where eligible homeowners can receive a maximum forgivable loan of $16,000, which is earned over a 10-year period. Projects that may qualify under this component include upgrades to heating systems, doors, windows, roofs and electrical systems.

An Accessibility Modification component where eligible homeowners can receive a maximum grant of $5,000. Projects that may qualify under this component include ramps and handrails.

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Do You Qualify?

Homeowners may apply if:

Forgivable Home Repair for City of Cornwall Home owners Ontario Renovates Eligibility

Maximum House Value $193,291

Maximum Household Income (all adults 18 yrs & older)

Household of 1 $41,000 Household of 3-4 $56,000
Household of 2 $49,000 Household of 5+ $61,000

(line 236 of the 2016 Income Tax Notice of Assessment)

The property value does not exceed the Maximum House Value of $193,291.
The total household must meet the income limits shown in the Ontario Renovates Eligibility chart to the right (line 236 of the 2016 Income Tax Notice of Assessment) - combined income of all members of the household 18 years & older (who are not full-time students).
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The property is owned and, is the sole and principal residence of the applicant.

Property taxes and mortgage payments are up-to-date.
Insurance coverage is in place for the full value of home.
The property is located within the City of Cornwall or the United
Counties of Stormont, Dundas & Glengarry.



How to Apply for Forgivable Home Repair for City of Cornwall Home owners


To apply for Ontario Renovates, you can pick up the documents at the following location:

Social Housing Division
340 Pitt Street, 3rd Floor
P.O. Box 877
Cornwall ON K6H 5T9
Tel: (613) 930-2787 ext. 2309

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.


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