Urban Renewal Authority (URA) launched an all-in-one "Integrated Building Rehabilitation Assistance Scheme", providing financial assistance and technical support to building owners.
Under the IBRAS, owners can simply complete one set of application forms for multiple applications by those who meet the eligibility criteria of the respective assistance schemes to carry out building and window repair works:
Mandatory Building Inspection Subsidy Scheme
by Urban Renewal Authority
- $25,000-$100,000 subsidy on the first prescribed inspection (subject to the total number of units)
"Smart Tender" Building Rehabilitation Facilitating Services
by Urban Renewal Authority
- A professional consultant to provide independent cost estimate and technical advices on building rehabilitation works
- An electronic tendering platform to facilitate procurement of consultant and registered contractor; an independent professional to oversee tender opening process
- A DIY tool-kit to guide building rehabilitation works
Common Area Repair Works Subsidy
by Urban Renewal Authority
General repair works subsidy
- Maximum subsidy at 20% of approved works cost or $3,000 per unit, whichever is the lower, capped at $1.2M per Applicant
Green Item subsidy
- Maximum subsidy at 20% of approved works cost or $1,500 per unit, whichever is the lower, capped at $0.6M per Applicant
Note: Smaller buildings with less than 50 units will enjoy higher subsidy
Common Area Repair Works Hardship Grant
- Eligible owner with financial difficulty can apply for maximum $10,000 grant
Home Renovation Interest-free Loan
by Urban Renewal Authority
- An interest-free loan of up to HK$50,000 per domestic unit for interior repair works (including windows) provided to eligible owners.
Home Renovation Hardship Grant
- Eligible owner with financial difficulty can apply for maximum $10,000 grant
Building Safety Loan Scheme
by Buildings Department
- Loans to owners (up to HK$1 million for each unit of accommodation) for carrying out building and window inspection and repair works, and interest-free loans to owners meeting asset limit requirements.
Building Maintenance Grant Scheme for Needy Owners
by Urban Renewal Authority
- Starting from 2 July 2020, the URA takes over the administration of the Building Maintenance Grant Scheme for Elderly Owners from the Hong Kong Housing Society, which is now rechristened as Building Maintenance Grant Scheme for Needy Owners with an expanded scope of beneficiaries to include owner-occupiers who are recipients of the Comprehensive Social Security Assistance Scheme and Disability Allowance. Furthermore, the maximum amount of grant will be increased from $40,000 to $80,000 per owner per unit, while the asset limit for elderly singleton and couple applicants will be relaxed.