Niagara Renovates Program

HOMEOWNER MAJOR REPAIRS AND ACCESSIBILITY

MODIFICATIONS 2015-16

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

must include energy-saving products where possible.

Eligible Projects

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 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.

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Ineligible Projects

Examples of projects that are not eligible include:

Landscaping

Routine maintenance

Cosmetic renovations and repairs

Funding

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.

Program Default

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

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

CONTACT

For general information or to obtain an application for the

NiagaraRegional Housing (NRH)

Contact: 905-682-9201 ext. 3917

http://www.nrh.ca

Niagara Regional Housing

Niagara Region Headquarters

Campbell East

PO Box 344, Thorold, ON

L2V 3Z3

Eligibility

2.The home must be valued below the average MLS

(Multiple Listing Service) resale price of $257,439

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.

Homeowner Requirements

1.Complete and sign an application and provide all

supporting documentation,including:

identification to verify owners

Proof of income of all members of household

MPAC Assessment or Property Tax Bill

Insurance coverage

2. NRH will conduct a title search on the property.

Associated costs will be included in the total approved funding amount.

Conditional Approval

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.

Final Approval

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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