Description
The Seniors' Home Adaptation and Repair Act gives authority to the Minister of Seniors and Housing to provide low-interest home equity loans to help seniors finance necessary repairs, adaptations and renovations to their homes. A maximum loan of $40,000 is available to seniors and senior couples with an annual total income of $75,000 or less and who have a minimum of 25 per cent home equity in their primary residence. If it is determined that a senior is ineligible for a loan, the Act authorizes the Minister to consider the applicant for a grant to help cover some basic and essential home repairs.
Updated
December 15, 2017
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Seniors' Home Adaptation and Repair Act
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Title and publication information
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Frequency
Once
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Resource Dates
Date Created
2017-12-15
Date Added
2017-02-01T16:53:15.561519
Date Modified
2017-12-15
Date Issued
2017-12-15
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Identifiers
ISBN (print)
9780779800698