family.jpg
 

ELIGIBILITY

Purchasers are advised of the following prescribed eligibility and admission criteria that has been established to ensure that households fall within prescribed income range thresholds and qualify for this affordable housing project. The current income thresholds and other admission criteria is as follows:

  1. To be eligible to purchase a Life Lease Interest in the Unit, the combined gross annual income of the Purchaser shall not exceed the average annual household income established for the Municipality of Chatham-Kent. This average annual household income target, as established by the Statistics Canada 2016 Census, is $72,763.00. If there is more than one (1) Purchaser noted in this Agreement, this income threshold shall apply to the total household income. (link)

  2. The Purchaser is required to provide proof of their annual income to the Corporation prior to the Notice Date described in paragraph 1 on page 1 of this Agreement. This verification must be in the form of a copy of the Purchaser’s or Purchasers’ Notice or Notices of Assessment for 2019, or most recent Notice or Notices of Assessment, as issued by Canada Revenue Agency.

  3. Purchasers must be at least eighteen (18) years of age upon taking possession of the Unit. If there are two Purchasers, at least one of the two Purchasers must be at least eighteen (18) years of age upon taking possession of the Unit, and in that case, both may be named in this Agreement; PROVIDED THAT the second Purchaser is a spouse or partner. Two people are “Partners” if they have lived together for at least one (1) year and have a close personal relationship that is of primary importance in both persons’ lives. Notwithstanding the provisions set forth above, no more than two (2) individuals will be allowed to occupy a one (1) bedroom unit, and no more than four (4) individuals will be allowed to occupy a two (2) bedroom unit, provided that the individuals are Purchasers or dependents of the Purchaser. Any exception to this occupancy restriction is subject to prior written approval by the Corporation.

  4. The Purchaser shall permit no individual(s) to reside in the Unit other than those specifically described in paragraph 3 above, and all individuals qualifying to reside in the Unit shall be noted as “Resident(s)” as defined in the attached Life Lease Occupancy Agreement - Schedule “B”. Failure to comply with this residency restriction is considered a “Default” and the Corporation shall have the right to force termination as described in the Life Lease Occupancy Agreement.

  5. The Corporation has adopted a pet policy for The Brickworks, which permits a maximum of two (2) pets to be housed subject to certain weight and other restrictions. The Purchaser and Resident acknowledge that they are aware of such policy and agree to abide by the terms of the Corporation’s pet policy.

  6. All Residents must abide by all operating policies, as well as the Rules & Regulations for The Brickworks as contained in Schedule H, and the Corporation has the right to amend these policies and the Rules & Regulations, or add new policies, from time-to-time to ensure the effective operation and management of The Brickworks, provided that such amendments or additions do not change the intent of the Life Lease Occupancy Agreement.

 

©2020 by Opportunity Villages Community Land Trust.