Help for Homeowners | City of Peterborough

Funding is limited to help homeowners afford repairs/upgrades and to help renters purchase a home.

Peterborough Renovates Program (PRP)

The application process is currently closed. Please check back in Spring 2027 for updates.

The Peterborough Renovates Program (PRP) provides a forgivable loan up to $25,000 for repairs such as roofing, plumbing, heating, foundations, wells, and septic systems. The forgivable loan can include a grant of up to $5,000 for modifications to reduce physical barriers such as ramps, handrails, bathroom accessibility, etc.

Repairs that may be eligible for the PRP include, but are not limited to:

• accessibility upgrades - bathroom, entryway
• health and safety - mold remediation, etc.
• energy efficiency improvements - furnaces, windows
• structural repairs - roofing, septic system

Eligible applications will be considered for funding on a priority basis considering both income and the type of repair/modification.

Current Participants in PRP

If you are currently enrolled in the PRP, you can fill out this online form to submit your annual update information.

Program Requirements

Applicants

Applicants must:

• be at least 18 years old and legally able to reside in Ontario
• currently own and reside in their home as their sole and principal residence
• not have a vested interest in any other property
• not have a gross annual income that exceeds $95,000

The Home

The home must:

have an MPAC value of $600,000 or less
be a single detached, semi-detached, townhouse, row, or apartment unit (freehold or condominium)
be in the City or County of Peterborough; and
be of modest size (approx. 1100 sq. ft for a 3-bedroom home)

Application Process

The application process consists of two phases:

Phase 1: Household eligibility is approved

Phase 2: Project eligibility is approved and signed Loan Agreement or promissary note is received.

Other Key Points

The loan is registered on title as a second mortgage, using a small portion of approved funding for legal fees and on completion of approved repairs. Accessibility grants are not registered on title.
Households that participate in the program must complete and annual compliance process with the City of Peterborough to confirm that the renovated property remains their sole principal residence.
Renovations or repairs completed prior to applying for the PRP is not eligible for funding through the program.
The loan is forgiven if the home remains the sole and principal residence of the applicant for 10 years. The loan must be repaid if the home does not remain the principal residence of the applicant for 10 years.
Loans will be offered subject to availability.
The program ends when funding has been allocated.

Homeownership Assistance Loan Program (HALP)

The Homeownership Assistance Loan Program (HALP) is currently closed.

There are other options in the community to help you purchase a home. Habitat for Humanity Peterborough and Kawartha Region are currently looking for eligible applicants who are interested in purchasing a home. Visit their website at www.habitatpeterborough.ca/homeownership for more information about the process and to apply online.

Other tools and tips are on CMHC's Buying a Home website and through the First-time Home Buyer's Incentive through the National Housing Strategy incentives.

Annual Compliance: Please fill out this online form to submit your annual update information.