For home repairs, the period of forgiveness is 10 years. Should the property owner who received the project funding sell the property or no longer occupy it, the remaining amount of the loan must be repaid.
The entire loan amount remaining must be repaid if the unit is sold or if the rents charged at the unit ever exceed the allowed limit. For calculation purposes, the loan forgiveness time clock begins on the date of completion of the project. When performing accessibility repairs on a property under the Ontario Renovates program, you may receive a grant instead of a forgivable loan.
Some SMs may choose to include these extra funds for accessibility repairs in the forgivable loan, rather than issuing a grant.
This grant does not require repayment, even if the property is sold down the road, as long as the funds are used for the stated purposed and approved by the SM during inspection.
In most localities, you will need to provide confirmation of the disability from a licensed physician to qualify for the grant. If any of the above repair options can be performed using materials that enhance the energy efficiency of the home, the Ontario Renovates program strongly encourages this wherever possible.
Beyond the actual materials and labor fees for the repairs, other fees that may be eligible for payment through the program include the following. Any other costs or repair projects the SM deems reasonable for your home also are eligible for program funds, which means there is some wiggle room inside these rules.
If you have a project that is not typical, where you may incur some non-traditional fees, explain these in your application because they may be covered. You must keep excellent financial records throughout the project, including copies of all invoices, should an audit of your project be requested down the road.
The Ontario Renovates program has a specific list of projects that are ineligible to receive funding. For example, renovations at nursing homes, retirement homes, long-term care homes, and crisis care facilities are not eligible for these funds. Cosmetic renovations, including painting, landscaping, routine maintenance, and kitchen cabinet renovations , are not eligible. However, here are the most common aspects of the approval process. After submission of the application, the SM will determine whether a particular project is eligible.
The following items must be met with all properties. The SM does not have flexibility in these areas. If your project receives approval, you may still have some requirements to fulfil, depending on how your local SM handles the process.
Understand that the SMs in individual cities and regions can slightly change qualifications or add other qualification requirements for homeowners. Brantford and Brant County have a combined Ontario Renovates program. To apply, you can download a printable sheet from the web site. Applications should be returned by postal mail or by fax. Visit the Bruce County web site to find information regarding the Bruce County Home Repair Program, as well as an application form you can print.
The web site has some up-to-date information on income limitations. You can visit the housing office for a form as well. Return completed forms by postal mail or fax.
You also can pick up an application at the housing services office. The application form has extensive information regarding the program. The Cornwall web site contains basic information about the Ontario Renovates program, including local income verification levels. At the time of this writing, Cornwall was not accepting new applications, and the web site does not have any printable forms.
The web site says Cornwall will accept forms again in , so visitors are encouraged to check back. You also can call the listed phone number or send an e-mail to receive an application form. To apply for Ontario Renovates in Greater Sudbury, you can download a printable application from the Greater Sudbury web site , or you can visit a public library or the housing services center.
You can return applications via postal mail or drop-off. Applications for last year was closed. Visitors should check back with the web site for information on when applications will be accepted.
The loan is structured as an interest-free lien on the property or a mortgage. Eligible repairs may include: structural, electrical, plumbing, heating, septic systems and well water, windows, doors, siding, roofs, insulation, decks, improved accessibility, fire safety and other safety-related features that help individuals stay in their home.
We have answered the questions we most often receive and given a few more details about the Ontario Renovates Program on our F.
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