Greater Victoria Casing Safety and Book Financial Program

Right here to help you

What is the better Victoria casing Security and Rent Bank system?

a roentgen ent B ank produces financial assistance in the form of a no-interest repayable loan, to households in danger of eviction for explanations instance non-payment of book or tools. The loan can also be used as a damage deposit and/or very first month’s book to maneuver to as well as renewable property

*Service providers: go ahead and reproduce from the one webpage data to put on through your organization.

Please be aware: *Grant resources aren’t available at this time around

Services

The higher Victoria homes safety and Rent Bank plan helps groups and people exactly who see qualifications criteria and who may be vulnerable to eviction or essential power disconnection because of a short-term lack of funds.

*Exceptions might built in some circumstances if all the qualification criteria become fulfilled.

Low-income is described as follows:

Expected Documentation

Two bits of government-issued identification (one with an image)

Evidence of Tenancy or purpose to book (ex: household Tenancy contract, Lease contract, or other leasing agreement)

Eviction notice or energy find of Disconnection (if relevant)

Three months of all of the bank account and charge card statements (like statements of most personal debt)

Proof money

Please be aware: BC Rent lender together with area personal Planning Council use your personal information just for examination and government purposes in accordance with the directions from the BC Rent financial Privacy report.

Program Details

How-to Apply

You are able to submit an application for the higher Victoria property safety and book Bank Program by finishing the Pre-Assessment Form and submitting the required paperwork .

Program Procedure

1: PRE-ASSESSMENT KIND

The Pre-Assessment type is done and posted on line . The form s should be reviewed into the order they have been got. If you do not posses e-mail accessibility, be sure to cellphone and talk about more choice.

* distributing a Pre-Assessment does not assure you will receive financial assistance.

2: LOAN APPLICATION

If we posses evaluated your own first facts, we are going to talk about further steps*. This dialogue can include asking to perform a cell phone interview in order to render additional records.

* talking to both you and evaluating your needs cannot guarantee that you obtain financial assistance.

Step 3: FOLLOWUP

The higher Victoria property protection and book lender regimen C ase M anager follows with one go over your application. If necessary, we possibly may inquire about more information. The way it is management may ask for permission to make contact with their property manager, boss, electricity professional, and/or any kind of service provider.

Step: LOAN CHOICE

All of our Loan Evaluation panel will review completed programs. Financial loans tend to be accepted in line with the chances of getting casing, the applicant’s financial balance, offered mortgage resources, in addition to applicant’s capacity to payback the borrowed funds. The more Victoria Housing protection and book Bank regimen instance management will let you know from the Committee’s decision.

When the loan might recommended, your situation management will setup a gathering together with the applicant to complete the loan /grant affirmation documents , such as the loan repayment program.

Note: construction safety funds become authorized according to the possibility of securing property, the applicant’s financial security, and readily available give resources. *

In the event that mortgage has become recommended, the scenario supervisor will setup a conference to you to accomplish the mortgage approval documents, including the loan repayment strategy.

Contact Details

For agencies or providers pursuing considerably more details, kindly communications Ben Finkelberg or Lauren Davis, the higher Victoria Housing Security and lease financial system Case executives at:

MENTION: as a result of COVID-19, the CSPC staff is actually working from another location. If you’d like to fulfill in-person, kindly contact forward to ensure the option of a better Victoria homes protection and Rent financial plan personnel individual meet therefore we can heed the proper personal distancing tips.

Faqs (FAQ’s)

The goal of the lease Bank loan and/ or homes Grant is to assist reduced – to moderate-income people a letter d families in preserving safe and lasting construction . Funds are offered to help with:

Yes, there is an optimum. The most an individual can request was $1,500 , and t he maximum measure a family can need was $2,000 .

No more than $500.00 is lent for important electric arrears (not to meet or exceed the utmost amounts observed above if along with lease ).

Note: Casing Protection Grants become brief. * The book Bank won’t promise an offer quantity until after a software was reviewed and approved. Last choices will be based on recent month-to-month earnings, month-to-month expenditures, household size and power to sustain property after obtaining grant/loan funds. In excellent circumstances, a grant and financing is matched when it is demonstrated to help support budget and lock in lasting, safe homes.

T he Greater Victoria book financial cannot promises an answer time as a result of the highest number of individuals and enquir i parece. However, w e understand the importance associated with situation ; t h erefore, we wi ll perform our better to get in touch with you today. We may have the ability to offer referrals to many other budget in the meantime. F eel able to e mail us if you would like more information.

This really is a pastime -free mortgage , but borrowers shall be charge d a management cost of $1.00/month . The payment label of a loan is determined by the quantity loaned in addition to borrower’s capacity to repay. Maximum repayment term is two years (two years) , and payment will start a maximum of 6 months following mortgage contract was s igned .

*On a 2-year phase .

Monthly re payments tend to be automatically withdrawn from your bank-account or personal assistance cheque.

There is absolutely no payment requirement of approved single homes grants. *

Yes. The interview techniques is really in-depth; we’re going to inquire detailed questions regarding past, latest, and potential spending, having a budget (past/current), and future income avenues. The process can seem invasive; however, the goal is to determine if the applicant meets the program criteria.

*Due to COVID-19, we motivate all excellent site to observe interview are complete virtually. Should you not get access to a computer or phone , kindly communications the higher Victoria homes safety and book financial personnel for additional alternatives.

Cheque s and electric revenue exchanges tend to be directly made out over landlords and electric organizations.