Here to work with you
What is the Greater Victoria property safety and book financial regimen?
a R ent B ank provides financial assistance by means of check a no-interest repayable loan, to families susceptible to eviction for explanations such as for instance non-payment of rent or tools. The loan can also be used as a damage deposit and/or first period’s rent to maneuver to as well as renewable casing
*Service providers: go ahead and print from the one web page data to put on through your organization.
Take note: *Grant Funds commonly offered at this time around
Services
The Greater Victoria homes protection and Rent lender plan assists families and people who meet qualifications needs and which are in danger of eviction or important electric disconnection as a result of a temporary lack of resources.
*Exceptions may be made in some circumstances if all other eligibility criteria are met.
Low-income is defined as follows:
Necessary Documents
Two bits of government-issued detection (one with an image)
Proof Tenancy or intention to Rent (ex: house Tenancy contract, rental contract, or other leasing arrangement)
Eviction notice or energy see of Disconnection (if applicable)
90 days of ALL banking account and mastercard statements (like statements of all personal debt)
Evidence of income
Please be aware: BC Rent financial and people Social Planning Council uses your individual info just for evaluation and administration needs according to the advice of BC lease financial confidentiality Statement.
System Facts
How exactly to employ
You can apply for the Greater Victoria construction protection and book lender regimen by doing the Pre-Assessment kind and publishing the required papers .
Application Procedure
Step 1: PRE-ASSESSMENT FORM
The Pre-Assessment Form should always be completed and submitted on the web . The form s is reviewed in purchase these are generally obtained. If you fail to has email access, kindly telephone and go over more solutions.
* posting a Pre-Assessment doesn’t guarantee that you will get financial assistance.
Step 2: APPLICATION FOR THE LOAN
If we need examined your own initial facts, we’re going to talk about further steps*. This dialogue may include asking to perform a phone interview and to incorporate more records.
* addressing you and examining your circumstances doesn’t warranty you will see financial assistance.
3: FOLLOWUP
The Greater Victoria houses safety and lease Bank plan C ase M anager will follow up with one discuss the application. If necessary, we could possibly require info. The scenario management may request consent to contact your landlord, workplace, power provider, and/or any company.
Step: LOAN CHOICE
Our Loan Assessment panel will examine done solutions. Financing are recommended on the basis of the odds of securing homes, the applicant’s financial balance, readily available mortgage resources, while the applicant’s capacity to repay the loan. Greater Victoria casing protection and book Bank regimen circumstances Manager will alert you of Committee’s decision.
If the loan has-been authorized, the situation supervisor will setup a meeting aided by the applicant to complete the mortgage /grant approval documents , including the financing payment arrange.
Note: property safety funds include approved according to the probability of acquiring houses, the applicant’s monetary balance, and available offer funds. *
If the loan is recommended, the scenario Manager will arrange a meeting along with you to accomplish the mortgage affirmation documents, including the financing repayment plan.
Contact Info
For companies or service providers desire info, please get in touch with Ben Finkelberg or Lauren Davis, the higher Victoria property safety and lease financial Program instance executives at:
NOTICE: considering COVID-19, the CSPC workforce is working remotely. If you wish to satisfy in-person, kindly contact ahead of time to guarantee the option of a Greater Victoria construction Security and book Bank system personnel individual satisfy so we can follow appropriate personal distancing directions.
Faq’s (FAQ’s)
The goal of the lease financial loan and/ or homes Grant is assist reasonable – to moderate-income individuals a letter d people in maintaining as well as renewable casing . Funds are offered to support with:
Yes, there is certainly a maximum. The maximum amount a single person can inquire try $1,500 , and t the guy maximum level children can request try $2,000 .
No more than $500.00 might be borrowed for important electricity arrears (to not ever meet or exceed the most quantities noted above if combined with book ).
Note: Property Protection Grants include brief. * The Rent Bank will likely not promises a grant levels until after a software has become reviewed and accepted. Final decisions depends on present month-to-month income, monthly spending, household size and power to uphold construction after obtaining grant/loan resources. In excellent problems, a grant and a loan can be combined if it’s shown to let support funds and lock in lasting, secure property.
T he better Victoria book lender cannot assure a reply time as a result of highest volume of people and enquir i parece. But w e comprehend the urgency of this condition ; t h erefore, we wi ll would our very own far better contact you today. We may manage to offer referrals to other info in the meantime. F eel liberated to e mail us if you want additional info.
This really is a pastime -free mortgage , but consumers would be fee d a management cost of $1.00/month . The repayment label of a loan depends upon the quantity loaned in addition to borrower’s capacity to repay. The utmost payment label is actually 24 months (a couple of years) , and payment can start no more than six months following financing contract is s igned .
*On a 2-year name .
Monthly re money tend to be instantly withdrawn from your own bank-account or social aid cheque.
There isn’t any repayment requirement for approved single houses grants. *
Yes. The meeting process is really detailed; we shall query step-by-step questions regarding history, latest, and potential expenses, having a budget (past/current), and potential money streams. The process can seem to be intrusive; however, the aim is to determine if the applicant matches this system requirements.
*Due to COVID-19, we inspire all interviews to be done almost. Should you not gain access to a personal computer or telephone , kindly contact the higher Victoria homes safety and book financial staff members for additional options.
Cheque s and electronic funds transfers tend to be directly made out over landlords and electric organizations.