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Ontario Renovates Investment in Affordable Housing

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Page 1: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Investment in Affordable Housing

Page 2: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Ontario Renovates Program

provides financial assistance

to make essential home repairs

modifications to increase accessibility

to create a secondary/garden suite

Page 3: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Investment in Affordable Housing

Ontario Renovates

is funded by the federal and provincial governments, and

is being delivered by the County of Simcoe

Page 4: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Interest Free

Forgivable Loan

$15,000

Page 5: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Loans are fully forgiven at a

rate of 10% per year

Homeowner must occupy dwelling as sole and principal

residence for 10 years

Adhere to all other terms and conditions of the Forgivable Loan

Agreement

Page 6: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Loans for $10,000 or greater will be

secured on title

Accessibility grants up to $5,000 do not

require repayment

Page 7: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

BASIC ELIGIBILITY REQUIREMENTS

FOR HOME REPAIRS

Own a home in the County of Simcoe as sole and principal residence with a

value at or below $422,058*

Total gross income of all household members at or below:

$60,300* for homeowners requiring repairs and/or accessibility

modifications

Total assets less than $20,000, excluding locked-in retirement savings

plans

*Maximum income and house value is subject to change from time to time at the discretion of the

County of Simcoe and pursuant to the requirements of the Ministry of Municipal Affairs and

Housing. Be sure to check back regularly for updates.

Page 8: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Building exterior (roofs, walls,

foundations)

Plumbing, septic systems

Electrical/Heating systems

Doors & Windows

Fire safety

Mould remediation

URGENT HOME REPAIRS

Examples include but are not limited to:

Page 9: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Ramps

Chair and bath lifts

Cues for doorbells/fire alarms

Residential elevators

Handrails

Height adjustments to countertops

Bathroom modifications

Porch lifts

ACCESSIBILITY MODIFICATIONS*

Grant - $5,000

Examples include but are not limited to:

*Modifications that exceed $5,000 will be considered a forgivable loan

Page 10: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Accessibility Modifications

Accessibility Modification form to be signed by medical

professional

Medical professional to describe condition & proposed

modifications

Whenever possible, having the occupational therapists

and people providing care involved in the projects

Page 11: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Roll in shower

Page 12: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Residential elevator

Page 13: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Bathroom modifications

Page 14: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Stair Lift

Page 15: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Porch Lift

Page 16: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Secondary and Garden Suites

MAXIMUM FUNDING - $25,000

Interest free, forgivable loan over a 15 year period

Page 17: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Secondary Suites…..

Provide:

affordable housing for renters

additional income for homeowners

safety & security

Page 18: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

THE NEW UNIT:

Must comply with local municipal building approvals and Ontario

Building Code requirements

Secondary suites can be created in new and existing homes

Accessibility grant can be incorporated into the funding for second

suites and garden suites for accessible features that are incorporated

into the unit

Rents must remain affordable for 15 yrs

Unit must be rented to tenants within a specific income established for

their areas

Page 19: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

Funding can only be accessed one time for the

duration of the program

FUNDING IS AVAILABLE

FIRST-COME-FIRST-SERVED

Page 20: Investment in Affordable Housing - Community Connectiondocs.communityconnection.net/Falls Docs... · 2017. 11. 24. · Investment in Affordable Housing ... Total assets less than

Ontario Renovates

HOW TO GET AN APPLICATON

County of Simcoe

Social Housing Department

Attn: Ontario Renovates Program

1110 Hwy. 26, Midhurst, ON L9X 1N6

Phone (705) 725-7215 Ext. 1119

Fax (705) 798-1007

www.simcoe.ca/ontariorenovates