Greater Victoria Houses Security and Book Lender Regimen

Greater Victoria Houses Security and Book Lender Regimen

Here to help you

What’s the Greater Victoria property safety and Rent Bank Program?

a R ent B ank produces financial help in the form of a no-interest repayable loan, to people vulnerable to eviction for reasons eg non-payment of book or resources. The mortgage may also be used as a damage deposit and/or very first thirty days’s book to move to as well as renewable houses

*Service companies: go ahead and print off the one web page document to put up through your organization.

Please Note: *Grant resources aren’t available at now

Services

The higher Victoria homes Security and book Bank system aids individuals and individuals exactly who see qualifications criteria and who may be prone to eviction or crucial electricity disconnection because of a short-term scarcity of resources.

*Exceptions can be produced in some conditions if all other qualification conditions become came across.

Low-income is described as follows:

Requisite Documentation

Two pieces of government-issued identification (one with a photo)

Proof Tenancy or purpose to lease (ex: Residential Tenancy contract, rent Agreement, or any other rental arrangement)

Eviction observe or Utility observe of Disconnection (if applicable)

Three months of ALL bank account and charge card comments (such as comments of most obligations)

Proof money

Please Note: BC book lender and the Community personal preparing Council will use your personal facts limited to assessment and administration needs according to the advice in the BC Rent Bank confidentiality declaration.

Program Facts

Tips implement

You can easily submit an application for the higher Victoria casing Security and Rent financial system by completing the Pre-Assessment kind and submitting the mandatory records .

Application Procedure

Step 1: PRE-ASSESSMENT FORM

The Pre-Assessment kind must finished and submitted using the internet . The proper execution s are evaluated when you look at the order these are typically got. Unless you bring email accessibility, kindly telephone and talk about further choices.

* distributing a Pre-Assessment doesn’t promise you will receive financial assistance.

2: LOAN APPLICATION

If we have evaluated your own first ideas, we’ll talk about then steps*. This talk could include inquiring to complete a phone meeting in order to supply additional records.

* addressing both you and reviewing your position cannot promises you’ll see financial assistance.

Step Three: FOLLOWUP

Greater Victoria homes protection and lease lender Program C ase M anager will observe with you to definitely talk about the job. If necessary, we possibly may require details. The way it is Manager may require permission to make contact with your own property manager, company, electric supplier, and/or every other company.

Step: MORTGAGE DECISION

Our very own Loan Review panel will test done solutions. Financing become authorized based on the likelihood of securing homes, the applicant’s financial security, available mortgage funds, while the applicant’s capacity to payback the borrowed funds. The more Victoria homes Security and book financial Program circumstances Manager will notify you of Committee’s choice.

When the financing is recommended, your situation management will organize a gathering using the candidate to accomplish the loan /grant acceptance paperwork , like the financing repayment arrange.

Note: property Security grants include authorized using the odds of acquiring casing, the applicant’s financial security, and readily available give resources. *

If loan has-been accepted, the Case Manager will setup a gathering with you to accomplish the mortgage endorsement paperwork, including the loan payment arrange.

Contact Information

For firms or service providers pursuing additional information, kindly get in touch with Ben Finkelberg or Lauren Davis, the Greater Victoria construction safety and Rent Bank Program circumstances Managers at:

NOTICE: considering COVID-19, the CSPC employees was working remotely. Should you want to see in-person, please contact ahead of time to ensure the option of a higher Victoria property Security and lease Bank plan team individual satisfy therefore we can stick to appropriate personal distancing instructions.

Frequently Asked Questions (FAQ’s)

The reason for the lease financial loan and/ or Housing give should assist lower – to moderate-income people a n d family members in sustaining safe and renewable property . Funds are given to help with:

Yes, you will find a maximum. The most a single person can inquire is $1,500 , and t the guy maximum level a household can request was $2,000 .

At the most $500.00 could be lent for essential electricity arrears (to not ever surpass the most amount mentioned above if combined with book ).

Note: Housing Safety Grants were brief. * The book financial will not promise an offer quantity until after an application has been evaluated and authorized loans payday advance Oregon. Final decisions will be based on latest month-to-month income, monthly spending, parents size and capability to maintain housing after obtaining grant/loan resources. In exemplary issues, a grant and a loan can be merged in case it is shown to let stabilize budget and protected long-term, safe housing.

T the guy better Victoria book Bank cannot warranty a response time as a result of highest level of people and enquir i parece. However, w elizabeth see the urgency of circumstance ; t h erefore, we wi ll create our best to get in touch with your quickly. We may manage to give referrals some other resources in the meantime. F eel free to contact us if you wish more info.

This can be a pursuit -free mortgage , but individuals shall be cost d an administrative fee of $1.00/month . The payment label of that loan depends upon the total amount loaned plus the borrower’s capacity to pay. The most payment term is 24 months (24 months) , and repayment will start a maximum of half a year following financing contract try s igned .

*On a 2-year label .

Monthly re repayments were immediately taken from your own bank account or personal help cheque.

There’s absolutely no repayment requirement for approved one-time houses grants. *

Yes. The interview process is quite detailed; we’ll ask detail by detail questions relating to last, existing, and potential using, budgeting (past/current), and potential earnings streams. The process can appear unpleasant; but the goal is to determine whether the applicant suits this system standards.

*Due to COVID-19, we inspire all interviews to get finished virtually. Unless you get access to a personal computer or mobile , be sure to contact greater Victoria homes Security and book lender employees for additional choices.

Cheque s and digital revenue exchanges were directly made out to landlords and electric companies.

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