Interesting article that raises some good commentary . I think this is a topic that will expand on, please check out comment section for future additions. - Tim
Here is a link to a program that maybe of interest to seniors or those with a disabilty , with family incomes under 60,000 and assets under 20,000 ( excluding home valued under 225,000 )
This looks like a good option for many that need to get some of these items taken care of. Feel free to share this info with others that may benefit as well.
The Ontario Renovate program may help with
- heating systems
- electrical systems (not solar panels)
- windows and doors
- septic systems
- well water and well drilling
- floors and ceilings
Qualifying accessibility repairs include:
- chair and bath lifts
- height adjustment to countertops
- cues for doorbells/fire alarms
The Ontario Renovates Program is offered as part of the Investment in Affordable Housing for Ontario (IAH 2014 Extension) Program funded by the Ministry of Municipal Affairs and Housing (MMAH), and provides financial assistance to households in need to repair deficiencies in affordable ownership properties. Funding is provided in the form of a 10 year, interest-free forgivable loan based on the cost of approved home repairs up to $15,000, and subject to the availability of program funds. A mortgage will be registered against the owner’s property for the duration of the loan forgiveness period for approved funding exceeding $7,000. The Counties will discharge the mortgage at the end of the loan forgiveness period (i.e. 10 years) at the Counties’ expense. In the event of default under the terms of the Promissory Note Agreement, the applicant/owner(s) shall be solely responsible to discharge the mortgage on the property at his/her expense. To support independent living for seniors and persons with disabilities, funding for accessibility repairs approved to a maximum of $5,000 is in the form of a grant, and does not require repayment.
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