April 15, 2016 | CREBNow
Province examines low-interest home loans as part of Bill 5
The Alberta government is proposing legislation that could assist seniors looking to age in place.
The proposed Seniors' Home Adaptation and Repair Act would enable a new low-interest home equity loan program to help seniors improve the safety and sustainability of their homes.
Bill 5, the Seniors' Home Adaptation and Repair program, would allow senior homeowners who qualify to finance essential home repairs and adaptations, including widening doorways or hallways, installing walk-in tubs, roof replacements and electrical repairs.