| Community Housing | Effective Date: March 1, 2013 |
| Topic: Infrastructure & Asset Management | Replaces: |
| Subject: Maximum Household Assets | Policy No. I.7.11. |
Eligibility for Rent-Geared-to-Income (RGI) is contingent upon the value of a household’s assets to not exceed a specified maximum value.
Pursuant to section 35 of the Housing Services Regulations a Service Manager may make a local eligibility rule that would require a household who is applying for Rent-Geared-to-Income Assistance have an asset value lower than the determined Maximum.
For the purpose of this policy, the Manitoulin-Sudbury DSB has chosen to initiate policy with respect to Maximum Asset Limits.
This value will be set at $100,000.
Current tenants in receipt of Rent-Geared-to-Income Assistance who have exceeded the policy limits will be granted a one-time exemption.
The DSB will follow the Housing Services Act and Regulations with respect to all exempt assets.
Reference: O. Reg. 367/11 section 35