Forgivable Loans Ottawa, Disabled, Low Income Senior Homeown

[Navtaj Chandhoke]

Forgivable Loans Ottawa, Disabled, Low Income Senior Home Owners

Ontario Renovates program

The Ontario Renovates program administered

(“Housing Services”), provides limited funding to

low income seniors and to persons with disabilities

who own their home for necessary repairs and

accessibility modifications to support independent living.

Forgivable Loans Ottawa, Disabled, Low Income Senior Home Owners

Eligibility of applicants

Homeowners who are 65 years of age or older

People with disabilities

Families with a household member(s)

who is a senior or person with a disability

may be eligible if property value and income

criteria are also met (criteria listed below)

The income requirements are based on

household size and are described in the table below:

Ontario Renovates income requirements for homeowners

Household Size Maximum Gross Annual Income

One person $36,075.00

Two person $44,160.00

Three person $53,610.00

Four person $64,320.00

Five person $72,510.00

Six person $81,435.00

Seven or more person $88,900.00

Eligibility of property

Your property may be eligible for the program if it is:

Located in the City of Ottawa;

Valued at or under $408,030 as determined by

the province and verified by the owners most

recent property tax or MPAC assessment; and

Your sole and primary residence.

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Get a latest copy of

Directory of Forgivable real estate grants,

rebates and tax credits at

Eligibility of repairs and accessibility modifications

Your home may be eligible for the program

if it requires repairs and/or modifications to

make it safer, more accessible and more

energy efficient. Examples of acceptable

repairs and modifications include, but are not limited to:

electrical and heating systems including chimneys

doors and windows

foundations, roofs, walls, floors and ceilings

plumbing

septic systems, well water, and well drilling

fire safety

cues for doorbells or fire alarms

ramps, handrails, chair and bath lifts,

height-adjusted countertops

Please note that any repairs or

modifications carried out before the

loan or grant is approved in writing and a

funding agreement is signed are not eligible

and will not be reimbursed.

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Scope of funding

The program provides funding in the form o

f a forgivable loan and/or grant for eligible applicants

or participants up to a Forgivable Loans Ottawa, Disabled, Low Income Senior Home Owners

Duration of program

Housing Services is accepting applications and will

continue to do so until all funds are spent or

until March 31st, 2018, whichever comes first.

Timelines

Once the Housing Services branch has received

the application, the applicant will be contacted

by letter declaring eligibility or non-eligibility.

Applicants will also be notified if documents are missing.

Use of funds

Funds awarded can only be used for the purposes

outlined in the Funding Agreement with Housing

Services. If the cost of the necessary repairs or

modifications is more than the maximum amount

of the grant and/or loan provided, you, as the

property owner, may have to cover the additional cost.

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Reporting and follow-up

Housing Services may follow up with you annually

to determine if you are the title owner of the property.

If you sell or move within 10 years of receiving a

forgivable loan, you will be required to pay all or a

portion of the loan back to the City.

How to apply for Forgivable Loans Ottawa, Disabled, Low Income Senior Home Owners

Print and complete this application form PDF

opens in a new tab or window [PDF – 162KB]

and provide all necessary documents

Print this checklist PDF opens in a new tab or window

Contact the program at the phone number or

email address below to request an application

package be mailed to you

All applications with necessary documents

must be mailed or delivered to:

City of Ottawa

Housing Services branch

Ontario Renovates program

100 Constellation Drive, 8th Floor West

Ottawa, ON, K2G 6J8

Inquiries

For more information about the Ontario Renovates program,

please call our information line at 613-580-2424 ext. 12300

Ontariorenovates@ottawa.ca

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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