Residential Rehabilitation Assistance Program (RRAP)

Transcription

1 Residential Rehabilitation Assistance Program (RRAP) Financial Assistance Program for Rental Properties LOCATION MAXIMUM AVAILABLE AMOUNT FAMILY INCOME RENT LENGTH OF LOAN QUALIFIER Available to the entire municipality of Brandon Priority given to properties located in the BNRC district North - Assiniboine River, South - Park Avenue, East Franklin Street, West 24 th Street $24,000 PER SUITE - FORGIVABLE GROSS HOUSEHOLD INCOME OF THE TENANT MUST BE AT OR BELOW: (Based on a per BD need) $22,500 (1 BD) ; Singles or couples $27,000 (2 BD); Singles or couples with children $32,500 (3 BD); Singles or couples with children $38,500 (4+BD); Singles or couples with children (Children of the same gender between the ages of 5-17 are considered able to share a room according to the RRAP standards) RENTS MUST BE AT OR BELOW THE MARKET MEDIAN RENT GUIDELINES INCLUDING UTILITIES: $ (1 BD) $ (2 BD) $ (3 BD) $965.00(4+ BD) 8 15 years depending on amount of equity contributed to reduce loan amount A qualifying repair must be identified for the property to be eligible for the loan. Qualifiers are described as a major deficiency in one or more of the following areas: Structural (roof, foundation, etc), Plumbing, Heating, Electrical, or Fire Safety GENERAL PROGRAM INFORMATION The objective of the program is to assist low-income households who live in substandard rental properties, by providing financial assistance to landlords to repair or rehabilitate the property to a minimum level of health and safety. The assistance is a fully forgivable loan, which does not have to be repaid provided the owner meets certain conditions. Units that qualify for the Rental RRAP program may also be eligible for the Rental RRAP for Persons with a Disability program which is a forgivable loan for modifications directly related to the disability.

2 Landlords may be eligible if they own three or more self-contained rental units; and intend to rent the units for permanent rental accommodation on at least a monthly basis to non-family members and can confirm the amount of rent being charged. A legitimate landlord and tenant relationship must exist. The landlord must obtain an income declaration from the tenant and agree to tell tenants what work will be done and how it will affect their rents. An inspector from the City of Brandon Planning Department, by way of a work description, will determine mandatory repairs. Inspection will be done according to RRAP guidelines and Manitoba Building Code. NOTE: THE PROPERTY OWNER MUST FUND THE COST OF MANDATORY REPAIRS IN EXCESS OF THE MAXIMUM FUNDING AVAILABLE. A mortgage or a promissory note in the amount of the forgivable loan secures the loan. Fire insurance coverage for the full replacement value of the property must be maintained. Loan approvals will be cancelled if work is not started immediately following the loan approval. The rents for assisted units before and after repair must remain at or below the median market rent established for comparable accommodation in the area where the property is located. The landlord must be willing to provide to Manitoba Housing and Renewal Corporation the income declaration from the tenants meeting the income requirements, and verification of income, before the final loan approval stage. ANY APPLICATIONS THAT DO NOT MEET THE ABOVE QUALIFYING CRITERIA WILL NOT BE GIVEN FURTHER CONSIDERATION. WE ARE CURRENTLY ACCEPTING APPLICATIONS FOR RENTAL RRAP. PLEASE VISIT THE BNRC OFFICE AT TH STREET OR CALL

3 APPLYING FOR RENTAL RRAP All RRAP application must be accompanied by the following support documentation 1. Completed application package 2. Proof that property tax has been paid in full for the current year and that no monies are past due. 3. Status of Title report 4. Tenant Declaration forms for all tenants living in the building including confirmation of the rent levels on each unit. 5. Rental RRAP Questionnaire 6. Permission to Inspect 7. Credit Check Authorization Please ensure that you have provided all the required information. Your application is not complete until you have provided all support documents required.

4 Questionnaire - Rental RRAP Program Annual interest in accessing Rental RRAP funding always exceeds the funding levels provided by the federal government t for the program. Unfortunately, due to these financial constraints, we are not able to provide Rental RRAP loans to all interested parties who may be eligible each year. Therefore, we prioritize the applications, based on the information you provide, to ensure we are servicing the greatest need while realizing the best values form the program budget. The following questions must be answered in order to ensure accurate prioritization of your proposal: Question 1. Have you previously received or are you currently receiving federal or provincial funding assistance for this property? 2. Have you previously received or are you currently receiving federal or provincial funding assistance for any other property you own or have owned in the past? 3. Is the property you are applying for located with in BNRC district boundaries? North Assiniboine River South Park Avenue East Franklin Street West 24 th Street 4. How many self contained units are located in the building? 5. Is there any evidence for concern about the management and maintenance of the building? For example, outstanding there Orders to Maintain of the building, or pending issues with the RTB? Answer No Yes Funding amount $ Received in what year? No Yes Funding amount $ Received in what year? No Yes Property address: Please describe, 6. Total number of eligible units based on renters income threshold: 1 Bedroom $22, Bedroom $27, Bedroom $32, Bedroom $38, What is the age of the building? 9. How many years has the landlord owned the building? 10. Which key areas are in need of repair? (Check all that apply) 10. Is the landlord willing to create accessible suites or modify suites to accommodate tenants with physical disabilities? 11. Please describe any green / energy efficient components the landlord is incorporating into the renovations. 12. Are you willing and able to provide an equity contribution to cover the cost of all mandatory repairs that cannot be completed with the maximum funding available through Rental RRAP? Electrical Plumbing Heating Roof / foundation Fire Safety No Yes How many No Yes What is the maximum you would be able to provide? $ For Office Use Only

5 PERMISSION TO INSPECT As the owner(s) of in the City of Brandon, I give the City of Brandon Planning Department permission to conduct an inspection on the above-mentioned property for the purpose of administering my application for financial assistance under the Residential Rehabilitation Assistance Program. I have been informed and I understand that an inspection on the above mention property may lead to an Order to Maintain being issued against the property. An Order to Maintain is a legal document issued against the property owner, which lists non-conformance with the property and the City of Brandon Property Standard and Building Safety By-law. Orders will only be issued on the above-mentioned property to establish compliance with the Building Safety and Property Standards By-law. Signature Date Print Name, Address & Telephone Number IMPORTANT: SHOULD THE PROPERTY OWNER CHOSE NOT TO PROCEED WITH THE PROGRAM APPLICATION ONCE THE INSPECTION HAS BEEN COMPLETED, AN ORDER TO MAITAIN MAY BE ISSUED. AN ORDER TO MAINTAIN IS A LEGAL DOCUMENT ISSUED AGAINST THE PROPERTY OWNER, WHICH LISTS NON-CONFORMANCE WITH THE PROPERTY AND THE CITY OF BRANDON PROPERTY STANDARDS AND BUILDING SAFETY BY-LAW. ORDERS WILL ONLY BE ISSUED ON THE ABOVE-MENTIONED PROPERTY TO ESTABLISH COMPLIANCE WITH THE BUILDING SAFETY AND PROPERTY STANDARDS BY-LAW.

6 CREDIT CHECK AUTHORIZATION FORM Please complete either the corporate or personal authorization form as it pertains to your property. Personal Authorization I hereby authorize Brandon Neighbourhood Renewal Corporation and/or its duly appointed representatives to conduct inquiries as necessary to determine my/our credit status. Applicant Co-Applicant Name Name Address Address Postal Code Postal Code Birth date Birth date Social Insurance Number Social Insurance Number Signature Signature Date Date

7 Corporate Authorization I hereby authorize Brandon Neighbourhood Renewal Corporation and/or its duly appointed representatives to conduct inquiries as necessary to determine the credit status of my corporation. Business Name Address Postal Code Phone Number