Posted On: Thursday, November 30, 2017
Grey County manages 888 rent-geared-to-income housing units. Eligible tenants pay about 30% of their gross household income for rent. About 80% of the units are home to seniors, couples or singles and 20% are families.
These units are located at 32 sites across the following municipalities:
Grey County oversees non-profit housing providers with more than 490 units in the area. These providers manage their properties and Grey County subsidizes costs. Providers include municipalities, churches and other service and community groups.
An additional 66 units in Grey County are managed by two non-profit providers. These programs are federally funded and operate differently. Their renters are a mix of tenants paying market rent and others with rent-geared-to-income.
Ontario Renovates will assist low to moderate income home owner households to repair their home and increase the accessibility of their home through modifications and adaptations. Major repairs could include but are not limited to heating systems, doors and windows, roofs, electrical systems and plumbing. Modifications for accessibility could include ramps, handrails, chair and bath lifts, cues for doorbells and fire alarms. Forgivable loans of up to $15,000 are provided for repairs and secured with a promissory note. If the property is sold within 10 years the loan is due back to the County. The forgiveness of the funding occurs at an equal rate over the 10 years. Any funds returned will be put in a revolving fund for Ontario Renovates. Grants are provided up to $5,000 for accessibility modifications and adaptations.
This program is designed to provide renters with a loan, up to 5% of the purchase price, to assist them in purchasing their own home. The program assists eligible renters in the purchase of a home that does not exceed the purchase price of limits found listed on the information sheet. Applicants must be eligible for a mortgage and cannot exceed the maximum household income listed on the application.
Rent supplement will provide households with a monthly rent geared-to-income subsidy. The subsidy will be the difference between what a household can afford and the actual market rent of a modest unit. The subsidy will be paid directly to the landlord. Funds are limited
The Secondary Suites Program provides a forgivable loan in the amount of up to $25,000 for renovations creating an affordable secondary suite on a property. The forgiveness period for the program is 15 years.
For more information please contact the Housing Department
Location: L. E. Shore Memorial Library (Blue Mts Library)
Location: Marsh Street Centre
Location: Grace United Church 140 Bruce St.S., Thornbury
Location: Marsh Street Centre 187 Marsh St. Clarksburg
Location: Marsh Street Centre , Clarksburg
Location: St. Georges Anglican Church Clarksburg