Renovating Your Home
The Renovations program through the Oneida Nation of the Thames is geared toward homeowners in good standing with their mortgage and who meet suitable credit checks and affordability scales. The Oneida Nation of the Thames Renovation program allows mortgaged and non-mortgaged homeowners the opportunity to apply for funding to renovate their homes up to the maximum mortgage amount allotted for that year.
The Oneida Nation of the Thames has a special option for senior citizens who are in need of renovations. The Seniors Renovation Grant is designed to help the elderly who are on a limited income, renovate their home, up to a maximum of $8,000.
The Residential Rehabilitation Assistance Program (RRAP) is designed to help renovate homes with health and safety concerns that are owned by homeowners who cannot afford to renovate their homes because of their limited income.The loan is forgivable and the homeowner is not responsible for repayment of the loan, so long as they comply with the conditions of the loan as defined by CMHC. There are conditions to the RRAP program and applicants must apply and be deemed to be eligible by CMHC. Interested applicants can contact Diane Doxtator at Oneida Nation of the Thames Administration Building at (519) 652-3244, for more information.
The Bank of Montreal On-Reserve Housing Loan program also provides an option for homeowners who are mortgaged through them or who have no mortgage, to apply for funding to renovate their home. Applicants must meet the criteria for the program and be approved through the Bank of Montreal.