Our Program Guide provides quick access to information on eligibility, loan forgiveness, and the application process for the Secondary Suite Incentive Program (SSIP).
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- Pages
- 15
- Published in
- Canada
Table of Contents
- Make a real difference in your community. 1
- Introduction 3
- This Program Guide provides you with quick access to information on eligibility loan forgiveness and the application process for the Secondary Suite Incentive Program SSIP. 3
- Program Overview 3
- Eligibility 4
- To qualify for SSIP you must meet certain conditions 4
- Criteria for the planned secondary suite 4
- Creating New Rental Units 5
- Not for Family Members 5
- Eligible Costs 5
- Prepare to Apply 6
- Application Pre-Approval Process 7
- Documents Required for Application 7
- Application Pre-Approval 8
- Change of Scope 8
- The SSIP Forgivable Loan 9
- The Loan 9
- The table below is an example of the forgivable loan timeline for a homeowner getting the maximum 40000 rebate. 10
- Annual Forgiveness Assessment 11
- Loan Forgiveness 11
- Payment for SSIP Funds 12
- Contact Us 12
- Frequently Asked Questions 13
