A Secondary Suite: Is a self-contained dwelling located wit

[Navtaj Chandhoke]

Building New Secondary, Garage, or Garden Suite Edmonton-Alberta

Maximum one-time grant of up to $20,000

There are many different programs that are available to Alberta

Homeowners to save money on purchasing homes, or making renovations.

A Garden Suite:

Is a self-contained dwelling located above or attached to a side or rear of a detached garage, or detatched from the principal single detatched house

Is accessory to a single detached house

Has an entrance separate from the vehicle entrance to the rear detached garage, either from a common indoor landing or directly from the exterior of the structure

Has separate cooking, sleeping and bathroom facilities

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Directory Forgivable Canadian Real Estate Grants

now at

Eligibility of the Homeowner (Applicant)

Fund at least 50% of the eligible costs (without relying on other government funding)

Be the owner-occupier of the principal residential unit where the suite is proposed

Rent the secondary suite to an eligible tenant earning within the maximum income threshold by household size in the city of Edmonton

Sign and commit to fulfill the terms and conditions of a 5-year operating agreement

Have no tax arrears on the property

Hold title or have valid offer to purchase

Funding Parameters

Maximum one-time grant of up to $20,000

Up to a maximum of 50% of the eligible costs

Meet City zoning and Alberta Building Code requirements to permit a secondary or garden suite

Suite must be located within the boundaries of the City of Edmonton

Eligible costs include: required servicing, building materials, qualified labour for construction to meet minimum health and safety code requirements for secondary suites, valid development and construction permits

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Ineligible costs include: furnishings, appliances, and site development

Costs incurred prior to approval of Cornerstones grant funding are not eligible

Funding will be committed based on the figures submitted. Cost overruns will not be covered by the City of Edmonton

Application Requirements (Required Documentation)

Completed application form, signed and dated by all parties on title

Copy of Notice of Directors or a Corporation Search if the property is owned by a company

Valid 2017 development permit form for a secondary suite or a valid garden suite permit

Itemized estimates of the total construction costs of the proposed suite

Copy of a floor plan of the proposed suite approved by a City Plans Examiner

Copy of land title or valid offer to purchase

Copy of current property tax notice or assessment

Confirmation of project financing

Application Process

Submit a completed application package with all the required documentation to: Housing and Homelessness, 2nd Floor, Edmonton Tower, 10111 104 Avenue NW

Approval of grant funding will be given in writing within an approval package which will contain an approval letter, 4 operating agreements, and schedule A for potential tenants to fill out

Schedule and pass pre-drywall inspection

Schedule and pass final inspection

Submit copies of paid receipts/invoices and return the 4 copies of the operating agreement (with original signatures of all parties on title) to: Housing and Homelessness, 2nd Floor, Edmonton Tower, 10111 104 Avenue NW

City will issue the cheque when all requirements have been met

A completion package will be sent shortly thereafter which will contain a completion letter, occupancy permit sticker, and a sealed operating agreement

Post-construction Obligations

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The homeowner must maintain tenancy records for the term of the 5 year operating agreement, and make them available at any time the City requests to see them

The homeowner must notify the City when the suite is vacant during the term of the operating agreement

The City retains the right to access the property and monitor the project and ensure compliance with all terms and conditions of the operating agreement over its 5-year term

The City may inspect a Program-funded property on an annual basis

The homeowner and tenant must provide a City inspector access within one week of a request being made to enter the premises for up to 5 years after the receipt of Program funding

A homeowner who breaches the terms of the signed operating agreement will result in full repayment of the entire grant amount.

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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