Materials Incentive Scheme

	Around or over 20 years old but are still serviceable;
	Subject to statutory actions under the Buildings Department's "Co-ordinated Maintenance of Buildings Scheme"(CMBS) or "Blitz" Operations or other relevant statutory order;
	Located within the Scheme Areas of URA in Yau Ma Tei / Mongkok, Tai Kok Tsui, Ma Tau Kok, Shum Shui Po, Tsuen Wan, Kwun Tong, Wanchai and Central & Western District;
	Private residential or composite buildings ;
	With Owners' Corporations (OC's)and agreed to undertake continuous up-keeping of the building.

At early stage of projects, when professional consultants are not yet engaged, URA will provide technical supports and advice on project implementation;

	External/Internal wall paint
	Piping materials for drainage, flushing water and public water supply
	Water-proofing materials for re-roofing work
	Fire protection materials (currently provided: fire rated door, emergency lighting, fire extinguisher)
	Environmental friendly materials (currently provided: potted plant, recycle bin, energy saving light bulb)

Incentive Materials Ceilings :

Nos. of Unit

Ceiling Amount for Incentive Material

5 -20

30% of the total contract sum up to $150,000

21-49

20% of the total contract sum up to $150,000

50 or above

20% of the total contract sum up to $3,000 per unit

Cash Subsidy

To relief the financial burden of the building owners, the remaining balance of "Ceiling amount for Incentive Material" i.e. after deducting the actual incentive materials cost, would be released to the OC as cash subsidy for the rehabilitation works.

Cash Subsidy = (Ceiling amount for Incentive Materials) - (Actual Incentive Materials Cost)

However, value of "cash subsidy" cannot exceed the value of the "actual incentive materials costs".

A grants may be made to individual owner with genuine financial difficulty. Maximum amount of grant is HK$10,000:
A grant applicant must be the registered owner of relevant property, fulfilling one of the following criteria:
- Recipient of Comprehensive Social Security Allowance (CSSA); or
- Aged 60 or over, who meeting income/asset limits in Schedule (a); or
- Below the age of 60, disabled and meets the income/asset limits in Schedule (b):

Schedule (a)
Aged 60 or over applicant(s)

Household Size	Monthly Income Limit (HK$)[(Note 1) & (Note 2)	Asset Limit (HK$)[Note 3]
Singleton	7,650	171,000
Couple	12,500	258,000

Schedule (b)
Below the age of 60, disabled applicant(s)

Household Size	Average Monthly Household Income (HK$)[(Note 1) & (Note 2)]	Household Asset Limit (HK$)[Note 3]
1	7,400	22,500
2	11,600	30,000
3	12,900	45,000
4	15,800	60,000
5	18,400	60,000
6	21,700	60,000
7	23,400	60,000
8	24,800	60,000
9	27,500	60,000
10 or above	28,700	60,000

Note 1: In the case that the applicant's property is mortgaged, the monthly income limit will be adjusted upwards to include his monthly mortgage repayment.

Note 2: The income limit will be adjusted upwards for families with disabled member(s). Family members mean all the members residing in the same unit.

Note 3: The property in which the applicant resides and to which the loan relates will be disregarded in assessing the applicant's assets.

Note 4: The income/assets limits in Schedules a) and b) are subject to change without prior notice.

Application

Application is easy and simple. Please call 2588 2333 for details.