Greater Victoria Housing Safety and Rent Financial Plan

Greater Victoria Housing Safety and Rent Financial Plan

Here to work with you

What is the Greater Victoria houses safety and book financial Program?

a R ent B ank provides financial help as a no-interest repayable loan, to homes susceptible to eviction for grounds such as for example non-payment of lease or tools. The mortgage may also be used as a damage deposit and/or very first month’s lease to move to as well as lasting housing

*Service services: Feel free to reproduce off of the one webpage document to put on during your company.

Please be aware: *Grant Funds commonly offered by this time around

Services

Greater Victoria homes safety and book lender regimen helps individuals and folks just who meet qualification requisite and just who is likely to be susceptible to eviction or important electric disconnection due to a short-term scarcity of funds.

*Exceptions may be made in some conditions if other qualifications criteria tend to be fulfilled.

Low-income is understood to be follows:

Called For Paperwork

Two items of government-issued recognition (one with an image)

Proof of Tenancy or purpose to Rent (ex: house Tenancy arrangement, rent arrangement, or any other local rental arrangement)

Eviction observe or Utility find of Disconnection (if appropriate)

90 days of bank-account and credit card statements (such as statements of debt)

Evidence of money

Please be aware: BC Rent Bank as well as the people Social Planning Council will use your personal ideas only for examination and administration purposes according to the advice from the BC Rent Bank Privacy report.

Plan Facts

Ideas on how to employ

You can easily apply for greater Victoria casing safety and book Bank system by completing the Pre-Assessment type and posting the necessary paperwork .

Software Procedure

Step One: PRE-ASSESSMENT FORM

The Pre-Assessment type ought to be finished and presented using the internet . The design s will likely be evaluated in order they are got. If you do not have e-mail accessibility, kindly cellphone and discuss further possibilities.

* posting a Pre-Assessment cannot promise that you will receive financial assistance.

Step 2: LOAN APPLICATION

If we look at this web-site bring assessed their original ideas, we are going to talk about next steps*. This conversation may include inquiring to complete a cell phone meeting and also to supply further documents.

* Speaking with both you and looking at your position doesn’t guarantee that you receive financial assistance.

Step 3: FOLLOWUP

The more Victoria casing protection and Rent Bank Program C ase M anager will follow with you to definitely talk about the job. If necessary, we might request info. Your situation Manager may require consent to make contact with their landlord, boss, utility firm, and/or other firm.

Step Four: MORTGAGE CHOICE

The Loan Assessment Committee will evaluate complete software. Debts become accepted on the basis of the odds of acquiring homes, the applicant’s financial security, offered mortgage funds, and applicant’s power to pay the loan. The more Victoria construction safety and lease financial plan instance Manager will let you know of the Committee’s decision.

If the financing might approved, the Case supervisor will setup a meeting with the candidate to accomplish the loan /grant acceptance papers , like the mortgage repayment program.

Note: construction Security grants include approved on the basis of the probability of getting construction, the applicant’s monetary balance, and available grant funds. *

When the loan is accepted, the outcome supervisor will organize a conference along with you to accomplish the borrowed funds acceptance papers, like the loan repayment plan.

Contact Info

For agencies or companies pursuing additional info, please get in touch with Ben Finkelberg or Lauren Davis, the more Victoria construction protection and Rent lender Program situation executives at:

NOTICE: because COVID-19, the CSPC personnel is employed remotely. Should you want to see in-person, be sure to call ahead of time so that the availability of a higher Victoria construction safety and lease lender regimen personnel person to meet so we can heed right personal distancing information.

Faq’s (FAQ’s)

The intention of the Rent financial loan and/ or property offer should help lowest – to moderate-income people a n d family members in sustaining as well as sustainable housing . Resources are offered to assist with:

Yes, there clearly was an optimum. The maximum amount a single person can inquire is $1,500 , and t he maximum level a family group can ask is actually $2,000 .

A maximum of $500.00 is likely to be lent for vital power arrears (not to go beyond the utmost quantities noted above if coupled with book ).

Note: Houses Protection Grants become limited. * The book financial won’t assure an offer amount until after an application has been evaluated and authorized. Last choices depends on current monthly earnings, monthly spending, household ability to uphold housing after getting grant/loan funds. In excellent issues, a grant and financing is likely to be merged if it’s shown to help stabilize budget and lock in long-term, safer property.

T the guy better Victoria lease lender cannot assure a response opportunity as a result of high level of candidates and enquir i es. But w e comprehend the urgency for the circumstances ; t h erefore, we wi ll would the better to contact your asap. We may have the ability to offer you recommendations some other resources in the meantime. F eel liberated to e mail us if you want addiitional information.

That is a pastime -free loan , but consumers is going to be fee d a management cost of $1.00/month . The payment name of a loan will depend on the amount loaned and borrower’s capacity to payback. The most repayment phrase was 24 months (two years) , and repayment can start a maximum of 6 months following the financing contract try s igned .

*On a 2-year term .

Regular re payments is instantly taken from your bank-account or personal help cheque.

There is absolutely no payment requirement of recommended single casing grants. *

Yes. The interview processes is extremely detailed; we will query detail by detail questions regarding past, present, and future using, budgeting (past/current), and future money avenues. The process can seem invasive; however, the goal is to determine if the applicant meets the program criteria.

*Due to COVID-19, we inspire all interviews as accomplished practically. If you fail to have access to a pc or telephone , kindly communications the Greater Victoria casing safety and Rent lender employees for additional selection.

Cheque s and electric funds exchanges are directly made out to landlords and energy companies.

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