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Housing Stability Bank


Housing Stability Bank

The  Housing Stability Bank offers financial assistance to low income Londoners to obtain and retain their housing and offers financial assistance to those at risk of homelessness to remain housed.

Rental Assistance - provides interest-free loans to assist with rental arrears, first month's rent (ODSP recipients only) and/or last month's rent.

Emergency Utility Assistance - provides grants (until grants are exhausted annually) or interest-free loans to assist with utility arrears pertaining to gas, electricity or water.

Ontario Electricity Support Program - assists with the completion of applications to the Ontario Electricity Support Program.

Money Coach Services - provides one-to-one coaching regarding financial matters such as budgeting, banking, direct deposits, credit and debit management, benfit entitlement, completing applications, and more.

Connections and Referrals to Community Resources - provides relevant connections to community services.

AN IMPORTANT MESSAGE FROM THE HOUSING STABILITY BANK - EFFECTIVE APRIL 1, 2018

The following changes will take effect:

 

The income eligibility requirement for all Rental Assistance will be the Low Income Measure (LIM) (see reverse for table).

Note: prior to this change, the income eligibility requirement for all Rental Assistance was the Low Income Cut-Off (LICO). The income eligibility requirement for all Utility Assistance remains the Low Income Measure (LIM).

 

All Housing Stability Bank loan application eligibility appointments completed as of April 1, 2018 will be eligible for 50% loan forgiveness.

To receive the 50% loan forgiveness, Applicants must repay 50% of their loan (following which, the remaining 50% will be forgiven).

Note: All Housing Stability Bank loan applications made prior to April 1, 2018 will remain owing per the original terms of the Applicant’s loan arrangements.

Low Income Measure Chart

Household After Tax Income

 

Number of People Living in Home

 

1

2

3

4

5

6

7

Less than $28,000

Eligible

Eligible

Eligible

Eligible

Eligible

Eligible

Eligible

$28,001 - 39,000

 

 

Eligible

Eligible

Eligible

Eligible

Eligible

$39,001 - 48,000

 

 

 

 

Eligible

Eligible

Eligible

$48,001 - 52,000

 

 

 

 

 

 

Eligible

Summary Evaluation Report

This report presents the results of the Housing Stabiity Bank evaluation, representing the time frame between July 1, 2014 and June 30, 2016.  The results of the evaluation can be used to inform evidence-based practice and decision-making.  This report also provides a foundation for annual tracking and reporting.  The full report can be found to the right of your screen.

Housing Stability Bank Locations

Applications are completed by appointment only.  Appointments can be scheduled at a location close to you, including:

  • The Salvation Army Centre of Hope - 281 Wellington St.
  • Jalna Branch Library - 1119 Jalna Blvd.
  • Westmount Branch Library - 3200 Wonderland Rd., S.
  • Pond Mills Branch Library - 1166 Commissioners Rd., E.
  • East London Branch Library - 2016 Dundas St.
  • Beacock Library - 1280 Huron St.
  • Crouch Neighbourhood Resource Centre - 550 Hamilton Rd.
  • Sherwood Forest Library - 1225 Wonderland Rd. S.
  • The Landlord and Tenant Board - 400-150 Dufferin Ave. (Intake and consultation for those with a rental arrears hearing before the LTB same-day)

For more information or to set up an appointment please call: The Salvation Army Centre of Hope Housing Support Services - 519-964-3663 or email housing@centreofhope.ca

 French Interpretation is available upon request.

 

 

 

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