Who Qualifies? The SHARP program offers a maximum home equity loan of $40,000 to single seniors and to senior couples with an annual total income of $75,000 or less, and who have a minimum of 25 per cent home equity.
The SHARP Program, Click the following link to find our more: Alberta Seniors and Housing SHARP program information.
So the short answer is YES, we proudly take on both large and small projects, for our residential and commercial clientele throughout Alberta.”
- A key advantage is that the safety concern associated with aging in place is far more affordable than moving into nursing home. This service is very easy to provide and the safety factor is simple to achieve.
- From a financial perspective, the average conservative cost in Alberta to live in a retirement home ranges from $2000 to $3500 per month for a bachelor suite with little support to heavy support. Performing an age friendly renovation increases the value of the home and coupled with the fact that a $15K-$25K renovation loan would be far much less per month to finance than the costs mentioned above to move into a seniors home.
- There are other benefits besides financial, the social benefits of a senior remaining at home means they remain active in their community longer and that is a major benefit to our communities.
- The home can be set up to aid those who provide in home care there by reducing the strain on different aspects of our health care system.