Alberta seniors and their families ought to be aware of an innovative program, offered by the Government of Alberta, designed to help seniors finance renovations.
The program, called the Seniors Home Adaptation Repair Program (SHARP) provides low interest loans for qualifying seniors for repairs and renovations to their home across a range of services – so, living easier, at home is in fact possible.
Here’s a clip from their site:
The Seniors Home Adaptation and Repair Program (SHARP) allows seniors to use their home equity to remain in their homes and maintain their independence. Eligible seniors can apply for a low-interest home equity loan with the Government of Alberta to cover repairs, adaptations, and/or renovations to their primary residence.
The intent is to help seniors:
- remain independent in their homes
- be safe in their homes
- adapt and modify their homes to improve accessibility and mobility
- improve the energy efficiency of their homes
Some project examples are:
- bathroom/walk-in tubs
- furnace and hot water tank upgrades
- stair lifts
- widening of doorways
- roof and window replacement
You must provide a written cost-estimate or receipts for all project funds being applied for.
If you’re considering a renovation, or simply need repairs – Clover can help. We’re dedicated to helping you assess your repair or renovation and we’ll provide a competitive quote. If financing renovations appeals to you we’ll even help you navigate the SHARP program.