Senior’s Grant Program allows the eligible seniors to use their home equity and remain in their homes and maintain their independence. Eligible seniors can apply for a low-interest home equity loan to cover repairs, adaptations, and/or renovations to their primary residence. A maximum loan of $40,000 is available to seniors and senior couples with an annual total income of $75,000 or less and who have a minimum of 25 percent home equity in their primary residence.
SHARP provides a maximum loan of up to $40,000 to Alberta seniors and senior couples with a total annual income of $75,000 or less, and a minimum of 25% home equity in your primary residence where the work is to be completed.
Repay the loan at any time, but it will automatically become due when:
You sell your home.
You are no longer a registered owner.
The home is no longer your primary residence.
To be eligible for SHARP, you must have an annual income of $75,000 or less and be 65 years of age or older. You must also be listed as a registered owner of a residential property and be a Canadian citizen and Alberta resident.
In case you are a single senior not eligible for the loan due to annual income less than $28,785, or a senior couple with annual income less than $46,745, you may be contacted by SHARP and may be considered for a grant to help cover some basic and essential home repairs. Your application will be viewed, and you will be informed of any financial assistance for which you may be eligible.
Mail your application.
Read the information guide.
Complete and sign the application form and agreement.
After you apply, SHARP staff will review your application and may contact you if you come eligible for SHARP.