Building Maintenance Grant Scheme for Elderly Owners
In May 2008, HKHS accepted the invitation of the Government to implement Building Maintenance Grant Scheme for Elderly Owners (BMGS). BMGS provides financial assistance to elderly owner-occupiers to repair and maintain their buildings and improve building safety. Eligible applicants, who passed the means test, may get a maximum grant of HK$40,000. The grant can also be used to repay the outstanding loan(s) with the Buildings Department, the HKHS or Urban Renewal Authority (URA) in relation to building maintenance.
For scheme details, please click here.