Ontario Renovates Program City of Brantford/Brant County

Moderator: Flipping4Profit.ca

Post Reply
Flipping4Profit.ca
Posts: 4416
Joined: Wed Mar 29, 2006 5:04 pm
Contact:

Ontario Renovates Program City of Brantford/Brant County

Post: # 47016Post Flipping4Profit.ca
Sun Dec 24, 2017 6:18 pm

Ontario Renovates Program City of Brantford/Brant County area


The Ontario Renovates program is made possible through the Investment in Affordable Housing (IAH) program, which is funded by the federal and provincial governments.

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

The Ontario Renovates Program offers financial assistance to low to moderate income families to:

Repair their home to bring to acceptable standards
Increase accessibility of their unit through modifications and/or adaptation

WHO IS ELIGIBLE?


You may be eligible for the Ontario Renovates Program if:

Your total household income is at or below the following thresholds for the Brant - Brantford area:
One bedroom (single or couple) - $33,5000
Two bedroom (single or couple with one child) - $41,000
Three bedroom (single or couple with two children)- $50,500
Four bedroom (single or couple with three or more children) - $61,500
Image
You own a home that is your sole and principle residence with an assessed value of $200,000 or less
Household assets must be below $30,000 (which includes investments, stocks, bonds, shares, securities, RRSPs, GICs, Credit Union accounts, annuities, etc.)
Your house needs repairs or modifications in one of the following areas: structural, heating, electrical, fire safety, plumbing or accessibility.
Property taxes and mortgage payments are up to date
Insurance coverage is in place for the full market value of the home

HOW MUCH FINANCIAL ASSISTANCE MAY YOU RECEIVE?

Households are allowed one application under the Ontario 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.

WHAT REPAIRS CAN BE DONE?

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)
Plumbing, fire safety, electrical and/or heating

Examples of eligible accessibility work include:

Ramps, Handrails, Chair and bath lifts, and
Height adjustments to counter tops.


http://www.brantford.ca/Housing%20%20So ... 017-18.pdf
Image
For more information, contact: Jeff Lowe at 519-759-3330, ext 6240 or e-mail at [email protected]

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.


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

Post Reply