Greater Victoria Housing Protection and Lease Bank Program

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Greater Victoria Housing Protection and Lease Bank Program

Here to help you

What’s the better Victoria casing protection and book lender plan?

a R ent B ank supplies financial help by means of a no-interest repayable mortgage, to people vulnerable to eviction for reasons for example non-payment of rent or resources. The borrowed funds could also be used as a damage deposit and/or very first period’s lease to move to as well as lasting casing

*Service service providers: please reproduce from the one page document to hold throughout your business.

Please be aware: *Grant resources commonly offered at this time

Services

The Greater Victoria casing protection and lease Bank regimen aids families and folks just who fulfill qualification specifications and whom is likely to be prone to eviction or vital electric disconnection because of a short-term shortage of funds.

*Exceptions might made in some situation if all other qualifications requirements are came across.

Low-income is understood to be follows:

Necessary Documentation

Two bits of government-issued recognition (one with a photo)

Evidence of Tenancy or purpose to lease (ex: household Tenancy contract, rent arrangement, and other local rental arrangement)

Eviction notice or electricity see of Disconnection (if relevant)

90 days of all of the banking account and bank card comments (like comments of most obligations)

Proof of income

Please be aware: BC book financial plus the Community public thinking Council use individual ideas mainly for examination and management uses in accordance with the information of the BC lease financial confidentiality Statement.

Regimen Information

How-to use

You can apply for the more Victoria houses Security and Rent lender plan by finishing the Pre-Assessment kind and distributing the necessary files .

Software Processes

Step 1: PRE-ASSESSMENT TYPE

The Pre-Assessment kind should-be finished and published using the internet . The design s can be assessed into the order they’re gotten. If you fail to posses email accessibility, be sure to phone and talk about further possibilities.

* posting a Pre-Assessment will not warranty that you will receive financial assistance.

Step Two: LOAN APPLICATION

If we has reviewed their initial details, we are going to discuss further steps*. This conversation can include asking to accomplish a phone meeting also to incorporate additional documentation.

* talking to both you and evaluating your needs doesn’t promises you will obtain financial assistance.

Step Three: FOLLOW-UP

Greater Victoria casing Security and lease lender plan C ase M anager will follow with that discuss the job. If required, we may inquire about considerably more details. The truth management may ask for permission to get hold of your property manager, employer, electric professional, and/or virtually any company.

Step Four: FINANCING CHOICE

The Loan Overview Committee will evaluate done solutions. Loans are accepted using the odds of getting housing, the applicant’s economic reliability, offered financing funds, additionally the applicant’s power to payback the borrowed funds. The more Victoria homes safety and book lender regimen situation Manager will alert you from the Committee’s decision.

If mortgage has been authorized, the outcome management will organize a conference with all the candidate to accomplish the borrowed funds /grant acceptance papers , including the financing repayment program.

Note: houses Security funds is recommended on the basis of the likelihood of getting casing, the applicant’s economic security, and offered grant resources. *

If financing was approved, the scenario management will arrange a gathering along with you to perform the borrowed funds affirmation documents, like the loan payment plan.

Contact Info

For companies or companies pursuing much more information, please contact Ben Finkelberg or Lauren Davis, the more Victoria property protection and book financial regimen instance administrators at:

NOTICE: because COVID-19, the CSPC associates was operating remotely. If you wish to satisfy in-person, kindly call in advance so that the option of a Greater Victoria houses Security and book financial plan employees individual meet therefore we can follow best social distancing tips.

Faq’s (FAQ’s)

The purpose of the Rent financial loan and/ or homes give is aid reasonable – to moderate-income people a n d individuals in preserving as well as sustainable homes . Resources are offered to assist with:

Yes, there is a max. The absolute most an individual can request is $1,500 , and t the guy maximum amount a family group can request try $2,000 .

At the most $500.00 might be lent for crucial energy arrears (not to exceed the utmost amounts mentioned above if combined with lease ).

Note: Houses Safety Funds were restricted. * The lease financial will likely not warranty a grant amount until after a credit card applicatoin might assessed and authorized. Final choices depends on existing monthly income, month-to-month expenses, parents ability to sustain construction after getting grant/loan funds. In excellent problems, a grant and that loan may be combined in case it is proven to assist stabilize funds and lock in lasting, safe homes.

T he Greater Victoria Rent lender cannot assure a reply opportunity because of the high number of candidates and enquir i es. However, w age comprehend the urgency associated with the circumstance ; t h erefore, we wi ll create our better to get in touch with you quickly. We could possibly manage to give recommendations some other info meanwhile. F eel able to contact us if you want additional info.

This is an interest -free mortgage , but consumers are going to be fee d an administrative charge of $1.00/month . The repayment label of a loan will depend on the total amount loaned therefore the borrower’s capacity to repay. Maximum payment term was two years (two years) , and repayment will start at the most six months following the mortgage agreement try s igned .

*On a 2-year phrase .

Regular re repayments include immediately withdrawn out of your bank account or personal help cheque.

There isn’t any payment need for recommended onetime housing grants. *

Yes. The interview process is quite in-depth; we shall ask detail by detail questions about past, latest, and potential purchasing, budgeting (past/current), and future money channels. The procedure can seem unpleasant; however, the aim is to see whether the candidate suits this program criteria.

*Due to COVID-19, we motivate all interview are finished practically. If you don’t get access to a personal computer or cellphone , please call the Greater Victoria houses safety and book financial personnel for additional selection.

Cheque s and digital cash transfers tend to be immediately generated off to landlords and power companies.

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