Amount:
up to $40,000
Who is Eligible:
Low-income Homeowners
Description:
The department will provide financial assistance in the form of a repayable loan, sufficient to complete the home, to a maximum allowable amount of $40,000.
The loan will be repaid at an interest rate of 0% for those households with an adjusted income less than $30,000. For each $1,000 of adjusted income above $30,000, the interest rate will increase by one half of 1% until it reaches the provincial borrowing rate.
Steps to Get this Rebate:
1. Visit your Social Development Regional Offices.
When the Rebate Ends:
Ongoing
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