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By -Hammer- (registered) | Posted November 24, 2010 at 23:33:43
Grants, yes, loans...not so much. The issue with a loan is the second the individual has his hands on the money, there isn't anything to stop him from wasting the money and defaulting on the loan. For a high income individual, you can chase him for the money and get it back. However, if you are on a lower income (which many owners are, although I will concede not all are) then if you default on that loan, or use it for other uses it serves little purpose.
Ideally, property tax crediting for improvements made by licensed work is what I would like to see. To qualify, you merely submit a duplicate of the work permit, submit a copy of the contractors bill/building materials and submit before and after pictures. The only issue is when you or the contractor doesn't do work to the work permit's specifications, which at that point red flagging the contractor's capacity to qualify for new work permits is hampered until specific locations are done to code.
Still waiting for the Randle Reef mess to get cleaned up, but hopefully not much longer!
http://www.cbc.ca/hamilton/news/story/2012/12/18/hamilton-randle-reef-announcement.html
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