Closed
Source verified July 23, 2026
My Second Unit
Interest-free funding for secondary home units
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Funding available
$ 30,000
Deadline
Unspecified
Location
Oxford County, Ontario, Canada
Overview
My Second Unit supports Oxford County homeowners with financing to create a secondary, self-contained dwelling unit. The program covers the construction of a second unit in the home or an accessory building, including an affordable rental apartment.
Receipt of requests is now closed
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At a glance
Funding available
Financing goals
- Renovate or expand facilities
- Ensure financial sustainability
- Renovate or adapt facilities
Eligible Funding
- Maximum amount : 30,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Oxford County
- Ontario
Legal structures
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Availability timeline
2026
Periods: 1
Activities funded
- Creating a secondary, self-contained rental unit in a home or accessory building
- Renovating an existing property to add a second unit
- Converting space into an affordable rental apartment
Documents Needed
- Application form and supporting documents
- Written confirmation from the local municipality on zoning compliance or permit submission
- Quote for the work
- Building permit
- Proof of insurance for the full value of the home
Official resources
Eligibility
Who is eligible?
- Homeowners in Oxford County
- Individual property owners, not corporate entities
- Canadian legal residents who live in the home
Who is not eligible
- Corporate property owners
- Applicants who already own another residence or property
- Applicants with active bankruptcy proceedings
- Applicants who previously received a loan under the County’s Affordable Home Ownership Program
Eligible expenses
- Renovations to create a second unit
- Entryway renovations for the unit
- Site changes for parking and landscaping
- Upgrades for HVAC, plumbing, electrical, fire and life safety
- Municipal zoning verification, rezoning, building and other required permits
Ineligible Costs and Activities
- Work on the existing home or accessory building that is not required for the second unit
Eligible geographic areas
- Oxford County, Ontario.
Selection criteria
- Completeness and eligibility of the application
- Availability of annual program funding
How to apply
- Step 1: Review program information and local zoning requirements.
- Confirm the proposed unit can comply with municipal rules.
- Prepare the application package and supporting documents.
- Step 2: Submit the application to Oxford County.
- Send the application form and documents to the County for conditional approval.
- Step 3: Receive conditional approval and start work.
- Wait for the conditional letter of commitment.
- Begin construction within 30 days of the letter.
- Step 4: Complete permits, agreement and funding release.
- Provide the building permit, sign the funding agreement, and register the charge on title.
- Submit occupancy, lease and tenant verification documents to receive funding installments.
Processing and Agreement
- Application and supporting documents are reviewed for completeness and eligibility.
- Qualified projects receive a conditional letter of commitment.
- A funding agreement is signed and a charge is registered on title.
- Funding is released in two installments based on permit, occupancy and lease documents.
- The loan is forgiven after the 10-year term if the program conditions are met.
Additional information
- Applications for program funding are closed.
- Funding is available on a first-come, first-served basis.
- The loan is registered on title for the 10-year term.
- Annual proof of rent and tenant income is required.
Contacts
Frequently Asked Questions about the My Second Unit Program
What is the My Second Unit?
My Second Unit supports Oxford County homeowners with financing to create a secondary, self-contained dwelling unit. The program covers the construction of a second unit in the home or an accessory building, including an affordable rental apartment.
How much funding can be received?
My Second Unit Funds up to $30,000 of admissible expenses.
Who is eligible for the My Second Unit program?
To be eligible for the My Second Unit program, you must:
Homeowner in primary residence
Canadian legal resident, 18+
Project must meet local code rules
What expenses are eligible under My Second Unit?
Creating a secondary, self-contained rental unit in a home or accessory building
Renovating an existing property to add a second unit
Converting space into an affordable rental apartment
Who can I contact for more information about the My Second Unit?
You can contact Oxford County by email at humanservices@oxfordcounty.ca or by phone at 519-539-9800.
Where is the My Second Unit available?
The My Second Unit program is available the province of Ontario.
Is the My Second Unit a grant, loan, or tax credit?
My Second Unit is a Loans and Capital investments