Oakville Beaver, 5 May 2016, p. 13

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Homeowners could cash in on granny flat funding in Halton by Julia Le Oakville Beaver Staff 13 | Thursday, May 5, 2016 | OAKVILLE BEAVER | www.insideHALTON.com This August Halton Region will launch a pilot program to financially assist homeowners in the region who want to create secondary residential units, such as basement apartments or granny suites. Given a green light by Halton Regional council recently, the project aims to encourage cre- ation of more housing in Halton. Eligible participants will require a building permit issued by their local municipality and will receive a 15-year, interest-free, forgivable loan to cover up to 75 per cent of the project costs up to a maximum of $50,000. However, according to a Regional report, certain restrictions will apply during the 15-year period, including a cap on the maximum rent that may be charged and the maximum household income of incoming tenants. For 2016, that translates into a capped rent of $930 for a bachelor apartment in Oakville and a maximum household income of $37,200 for new tenants, according to a related report. The program will enable the Region to create approximately 550 housing units, according to the report. It will run for 16 months, ending in November 2017, and will be funded through the Federal/ Provincial Investment in Affordable Housing for Ontario-2014 Extension program's renovation component. A total $1.05 million is available for second unit projects. More details will be communicated in an information pamphlet through the Region's website and social media, Halton Housing Help, 311 and through local municipal building departments in the coming months. For more news, visit insidehalton.com/oakville-on # DIAMOND DIAMOND 1 in Patios & Driveways! Since 1967 Custom made or reupholstered to suit your style! · stamped concrete · interlocking · exposed aggregate · flagstone J.M.C Concrete Interlocking upholstery & design LTD · french cUrbs · retaining walls · garage floors · free estimates like Us on 905-878-8595 Ask for John www.jmcconcrete.ca Sofas · Chairs Headboards · Throw Pillows Drapery & Hardware 11-2345 Wyecroft Rd, Oakville · 905.616.3156 · www.baiers.ca O Thursdays 1:00 ­ 6:30 pm P E Saturdays 10:30 am ­ 1:30 pm N Sundays 10:00 am ­ 12:00 pm Homemade Ukrainian Food terrace take-away all prepared and easy to warm up ABBEY ARMS GlEn ABBEY'S OnlY AuthEntic BRitiSh PuB! Join us every sunday live music, James anthony Band's "sunday sermon" 3:30pm ­ 7:00pm visit our website for upcoming events! Great Fish & chips served here! 481 North Service Rd. @ 4th Line, Oakville 905-825-1109 www.abbeyarmspub.ca *With the purchase of an adults meal MOndAY niGhtS KidS EAt FREE 905.337.1400 ext. 116 orders@terracetakeaway.ca cafe@sjucc.ca www.terracetakeaway.ca St. Joseph's Ukrainian Catholic Church 300 River Oaks Blvd. East (at Trafalgar) Oakville ON

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