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Niagara Regional Secondary Suite program

Posted: Wed Jan 09, 2019 3:20 pm
by Flipping4Profit.ca
Niagara Regional Secondary Suite program

The Niagara Renovates Program is a program that funds the creation of Secondary Suites in single family homes.
Secondary suite units must have modest floor space and amenities.

A Secondary Suite is defined as a self-contained, separate unit with sleeping, full kitchen and bath facilities
and a separate entrance. The new unit must meet
applicable zoning, building, fire and property standards.
Funding for Secondary Suites of up to $25,000 is a fully
forgivable loan which is written off at an equal amount
over a 15 year period, provided the Owner complies with the conditions of the Letter of Agreement.
The loan amount includes a grant portion for accessibility
modifications, if required, of up to $5,000 that does not need to be repaid.

http://www.nrh.ca/homeowners/pdf/nrp-se ... -sheet.pdf