Homeowner Programs
Homeowner Programs
Nipissing Renovates Program
The Nipissing Renovates Program provides up to $25,000 in forgivable loan assistance to low and moderate-income households to assist them in performing eligible major repairs, renovations and accessibility modifications to their homes. This program exclusively serves homeowners.
Eligible Households
Eligible households must meet a list of criteria, which includes but is not limited to the following:
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Be at least 18 years old and a Canadian Citizen or Landed Immigrant
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Own a home in the District of Nipissing that serves as the household’s sole and principle residence
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Have an annual gross household income of:
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$102,100 or less for single/lone households
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$124,500 or less for family households (including the applicant, spouse and anyone over the age of 18 living in the home and not attending school full-time)
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Total assets including savings and investments cannot exceed $50,000.00
Eligible Homes
Eligible homes for the program can be detached, semi-detached or a townhouse.
Homes must:
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Be in the District of Nipissing and serve as the household’s sole and principal residence
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Not be rented or leased in any part
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Be valued at $459,589 or less as per the most recent Property Assessment
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Not encumbered by a second mortgage or liens, unless there is sufficient equity in the home
Eligible Repairs
Qualifying renovations must generally fall under one of the following categories: Accessibility, Energy Efficiency or Safety.
Eligible Repairs may Include:
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Loan Details
The loan is structured as an interest-free lien on the property or mortgage. 10% of the loan is forgiven per year and it is fully forgiven after 10 years with no requirement for repayment.
How to Apply
In order to apply for the Nipissing Renovates Program, you first need to be put on the wait-list. When the funding is available and you're next on the wait-list, you will be sent an application.
To be put on the wait-list, please reach out to our Housing Program Administrators.
Contact Information
District of Nipissing Social Services Administration Board
Housing Services - Nipissing Renovates Program
200 McIntyre Street East,
North Bay, ON, P1B 8V6
Phone: 705-474-2151 Ext.45587
Email: DNSSAB.Renovates@dnssab.ca
Additional Dwelling Units
Increasing the supply of affordable rental housing by helping to create additional dwelling units in existing primary residences.
Program Overview
- The program provides funding for eligible homeowners for the creation of an additional dwelling unit in the homeowner's primary residence or on the property lot, where permitted by municipal by-laws.
- 75% of the associated costs, to a maximum of $50,000.00 are covered through a forgivable loan.
- During the term of the loan, the homeowner will provide an affordable rent to an eligible tenant. The affordability period is 15 years.
Program Eligibility
- Units created must be modest relative to community norms in terms of floor space and amenities.
- Rents must be at or below the Canada Mortgage and Housing Corporation Average Market Rent for the District of Nipissing for the entire loan forgiveness period.
- Tenants must meet income eligibility requirements.
- Property taxes and mortgage payments must be up to date.
- Insurance coverage be in place for the full value of the home, including the additional dwelling.
- Construction must begin within 120 days of the date of the signed funding agreement.
Eligible Units
- Within primary residence
- Attached to the primary residence
- Constructed on the same property as the primary residence
Eligible Costs
- Labour and applicable taxes
- Building Permits
- Legal Fees
- Certificates
- Appraisal fees and inspections fees
- Drawing and specification costs
- Materials
Loan Details
The loan is structured as an interest free lien on the property or mortgage. For every year you keep the unit affordable you will be forgiven an equal amount per year based on the loan amount. For example, if you are given $50,000.00 you would be forgiven $3,333.33 per year. After 15 years the loan is fully forgiven.
How to Apply
In order to apply for Additional Dwelling Units Program, you must be placed on a waitlist. When funding is available and you are next on the list, you will be sent an application.
To be placed on the wait-list, please reach out to the Housing Program Administrator at the contact information listed below.
Contact Information
District of Nipissing Social Services Administration Board
Housing Services - Additional Dwelling Units Program
200 McIntyre Street East,
North Bay, ON, P1B 8V6
Phone: 705-474-2151 Ext.45587
Email: DNSSAB.Renovates@dnssab.ca
Homeownership Program
The Homeownership Program provides down payment assistance to eligible households through federal/provincial funding. This assistance is in the form of a 20-year forgivable loan.
Eligible Households
Eligible households must meet a list of criteria, which includes but is not limited to the following:
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Be at least 18 years old and a Canadian Citizen or Landed Immigrant
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Not own or have interests in any property
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Have an annual gross household income of:
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$102,100 or less for single/lone households
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$124,500 or less for family households (including the applicant, spouse and anyone over the age of 18 living in the home and not attending school full-time)
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Total assets including savings and investments cannot exceed $50,000.00
Eligible Homes
Eligible homes for the program include:
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detached homes
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semi-detached homes
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condominiums
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stacked homes
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row/townhouses
Homes must be in the District of Nipissing, serve as the household’s sole and principal residence and be valued at $459,589 or less.
Loan Details
The loan is 10% of the purchase price of a home. If the home remains your sole and principle residence, the loan is fully forgiven after 20 years and there is no requirement for repayment.
How to Apply
In order to apply for the Homeownership Program, you first need to be put on the wait-list. When the funding is available and you're next on the wait-list, you will be sent an application.
To be put on the wait-list, please reach out to our Homeownership Program Administrators.
Contact Information
District of Nipissing Social Services Administration Board
Housing Services - Homeownership Program
200 McIntyre Street East,
North Bay, ON, P1B 8V6
Phone: 705-474-2151 Ext.45587
Email: DNSSAB.Renovates@dnssab.ca
FAQs
Frequently Asked Questions:
Eligible Repairs
- Structural (foundations, roofs, walls, floors)
- Electrical Systems
- Plumbing
- Heating and Energy Conservation Systems
- Accessibility for the Disabled (includes ramps and interior renovations)
- Secondary Dwellings (additional approvals are required)
Safety-related additions/renovations (fire alarms, fire extinguishers, carbon mono/dioxide detectors)
Ineligible Repairs
- Renovations that are for cosmetic reasons
- Repair projects that have already started prior to applying for Ontario Renovates
- Landscaping
Applicants who receive assistance under the program must obtain three written quotes prior
to commencing repairs or renovations. DNSSAB will select the most appropriate contractor(s)
based on the quotes provided.
- Quotes must be submitted to the DNSSAB prior to the start of any work
- Repairs and renovations that are underway prior to approvals are not eligible for funding
- All work must be performed by a licensed contractor with a registered business number, WSIB and liability insurance coverage and a municipal business license
Along with a completed application form, applicants are required to submit the following in
order to be considered for the program:
- Two pieces of photo identification
- Copy of a birth certificate or citizenship document for each homeowner
- Copy of the most recent Notice of Assessment from CRA for each household member over the age of 18
- Verification of current income for each household member over the age of 18
- Copy of recent Property Assessment Notice issued by MPAC or other approved property assessment groups including mortgage brokers or banks
- Copy of current home insurance policy
- Copy or verification that the mortgage is in good standing from the lending institution
- Copy of proof of ownership (deed or registration)
- Copy of current tax report or letter from municipality stating there are no tax arrears
If you still have questions regarding the Nipissing Renovates Program, please email DNSSAB.Renovates@dnssab.ca or call 705-474-2151 Ext. 45587
Frequently Asked Questions
DNSSAB's Additional Dwelling Unit Program supports the creation of affordable rental housing in Nipissing District. The program provides funding to eligible homeowners to build additional rental units within their primary residence or on their property, where permitted by municipal by-laws.
Homeowners may receive up to 75% of eligible costs, to a maximum of $50,000.
The funding is offered as a 15-year forgivable loan, which means it does not need to be repaid if all loan terms are met.
The rental requirements are that the homeowner must rent to an eligible tenant of their choosing at an affordable rent. The rent must be at or below the Canada Mortgage and Housing Corporation Average Market Rent for the District of Nipissing for a period of 15 years.
Funding is limited, so we encourage interested homeowners to add their name to DNSSAB's waitlist to be considered.
For more information or to be added to the waitlist, please call (705) 474-2151 ext. 45587 or email dnssab.renovates@dnssab.ca.
Frequentley Asked Questions:
To apply for the Homeownership Program you must first contact us to be added to the waiting list.
Once you have reached the top of the waiting list and program funds are available, you will be asked to complete an application package. The application package will outline all required documentation to be submitted including, but not limited to, Notice of Assessments for all members of the household, copies of photo identification, and a mortgage pre-approval.
To be eligible for the Homeownership Program, you must be renting in the private market or in social housing for a minimum of 1 year consecutively. You will be asked to provide documentation proving that you have been renting for at least 1 year consecutively.
Repayment of the original down payment contribution must be made if the following situations occur while the OPHI Homeownership loan is outstanding (20-Year Forgivable Loan):
- The unit is sold or leased.
- The unit is no longer the sole and principal residence of the loan recipient.
- The loan recipient becomes bankrupt or insolvent.
- The loan recipient misrepresented their eligibility for the program.
- The loan recipient used the proceeds of the loan for a purpose other than the acquisition of the unit.
- The death of the loan recipient.
Traditional interest will not be charged on the down-payment assistance.
The original loan amount and the percentage share of the realized capital gains proportionate to the down payment assistance must be repaid in the above cases. For example, if the purchaser was assisted with ten percent of the purchase price, the loan amount plus ten percent of any capital gains/appreciation would have to be repaid.
If a unit is sold for less than the original purchase price, the difference between the down payment assistance and the depreciated amount will be repayable.
- Amount payable = Loan – (original purchase price – resale price)