Secondary Suites Grant Program:

Getting Started

What is the Grant Program?

The Secondary Suite Grant Program offers a grant of up to $25,000 to cover up to 70 % of the costs of developing or upgrading a legal secondary suite. It was launched in April 2009 and will run until December 2012.

How can I apply?

·         Check out your eligibility by answering the questions below.

·         Grant Program Brochure: download & read.

·         Grant Application Form: download, complete, sign and return.

·         Grant Agreement: download, complete, sign and return.

·         Questions? Call Jacquie Mercier Mc-Murrer on 403-268-5406.

If you answer YES to these questions then you are eligible to apply for the Grant Program…

·         Is your property within a land-use district that allows a secondary suite?
Visit calgary.ca/myproperty to find out what your land-use district is.
Visit calgary.ca/secondarysuites to find out if your land-use district allows secondary suites.

·         Is your property a single detached home?
(i.e. You don't share any walls with a neighbour)

·         Are you the registered property owner?

·         Do you live in the primary home?

·         Are you prepared to rent out your suite at no more than the maximum rent for 5 years?

·         Are you prepared to accept all the terms of the Grant Agreement?

What do I have to agree to?

·         You must contribute a minimum of 30% of the costs of developing or upgrading your suite.

·         The rent you charge must be no more than the average market rent for a similar property in Calgary. This is currently $855 (including utilities). This information is updated each year in the Calgary Mortgage and Housing Corporation rental review - www.cmhc.ca.

·         You must enter into the Grant Agreement and your suite must be available for rent for 5 years.

·         You must live in the home throughout the Grant Agreement term.

·         You must provide information annually to show that your suite was available for rent at no more than an average market rent.

What is a secondary suite?

A secondary suite (also known as a basement suite, mother-in-law suite or granny suite) is a self-contained living space located on the same property as a detached house. It has a separate entrance, cooking, sleeping and bathing facilities. For more information, go to calgary.ca/secondarysuites.

Is a secondary suite a good idea for me?

Developing or upgrading a secondary suite may take some time to complete and require a significant financial investment by you. You should gather as much information as possible before making your decision about whether to move ahead. Download more information from the right hand side of this page that can help you.
 
A secondary suite works well for some tenants while providing welcome additional income for landlords. Tenants often enjoy living in a residential neighbourhood with a backyard, access to laundry, close to schools and parks and they may get along well with you as their landlord. However, it does not work well for everyone.
 

You can often avoid conflicts about noise, utility costs, privacy, sharing the backyard, laundry, etc. by ensuring you have an agreement in writing, which you've discussed in advance and that both you and your tenant have signed. As a landlord you have rights and responsibilities, which you need to be aware of before you make the decision to rent out your suite. You can get more information from servicealberta.ca, landlordandtenant.org, and calapt.org.

Why is The City offering a Grant Program?

The City of Calgary is offering a Secondary Suites Grant Program as part of the Enterprise Housing Program. The Enterprise Housing Program is designed to incent the private and non-profit sectors to produce housing that is affordable.

 

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Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate

 

Secondary Suites Grant Program:

Getting Started

What is the Grant Program?

The Secondary Suite Grant Program offers a grant of up to $25,000 to cover up to 70 % of the costs of developing or upgrading a legal secondary suite. It was launched in April 2009 and will run until December 2012.

How can I apply?

·         Check out your eligibility by answering the questions below.

·         Grant Program Brochure: download & read.

·         Grant Application Form: download, complete, sign and return.

·         Grant Agreement: download, complete, sign and return.

·         Questions? Call Jacquie Mercier Mc-Murrer on 403-268-5406.

If you answer YES to these questions then you are eligible to apply for the Grant Program…

·         Is your property within a land-use district that allows a secondary suite?
Visit calgary.ca/myproperty to find out what your land-use district is.
Visit calgary.ca/secondarysuites to find out if your land-use district allows secondary suites.

·         Is your property a single detached home?
(i.e. You don't share any walls with a neighbour)

·         Are you the registered property owner?

·         Do you live in the primary home?

·         Are you prepared to rent out your suite at no more than the maximum rent for 5 years?

·         Are you prepared to accept all the terms of the Grant Agreement?

What do I have to agree to?

·         You must contribute a minimum of 30% of the costs of developing or upgrading your suite.

·         The rent you charge must be no more than the average market rent for a similar property in Calgary. This is currently $855 (including utilities). This information is updated each year in the Calgary Mortgage and Housing Corporation rental review - www.cmhc.ca.

·         You must enter into the Grant Agreement and your suite must be available for rent for 5 years.

·         You must live in the home throughout the Grant Agreement term.

·         You must provide information annually to show that your suite was available for rent at no more than an average market rent.

What is a secondary suite?

A secondary suite (also known as a basement suite, mother-in-law suite or granny suite) is a self-contained living space located on the same property as a detached house. It has a separate entrance, cooking, sleeping and bathing facilities. For more information, go to calgary.ca/secondarysuites.

Is a secondary suite a good idea for me?

Developing or upgrading a secondary suite may take some time to complete and require a significant financial investment by you. You should gather as much information as possible before making your decision about whether to move ahead. Download more information from the right hand side of this page that can help you.
 
A secondary suite works well for some tenants while providing welcome additional income for landlords. Tenants often enjoy living in a residential neighbourhood with a backyard, access to laundry, close to schools and parks and they may get along well with you as their landlord. However, it does not work well for everyone.
 

You can often avoid conflicts about noise, utility costs, privacy, sharing the backyard, laundry, etc. by ensuring you have an agreement in writing, which you've discussed in advance and that both you and your tenant have signed. As a landlord you have rights and responsibilities, which you need to be aware of before you make the decision to rent out your suite. You can get more information from servicealberta.ca, landlordandtenant.org, and calapt.org.

Why is The City offering a Grant Program?

The City of Calgary is offering a Secondary Suites Grant Program as part of the Enterprise Housing Program. The Enterprise Housing Program is designed to incent the private and non-profit sectors to produce housing that is affordable.

 

Read full post
Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate
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