Assistance will be paid upon receipt of all of your original invoices or receipts and a signed Declaration of Work Completed which will outline the terms and conditions of your assistance. BC Housing is under no obligation to provide funds for work beyond that approved in writing by BC Housing.
If the work is not complete but the contractor has requested partial payment, you will need to submit your request for payment and an invoice for the work completed so far. During the course of the work, we will make up to three payments if requested, including the final payment. Any costs beyond the amount approved in writing must be paid in full before BC Housing will advance any assistance.
The Declaration of Work Completed will outline the terms and conditions of your assistance:
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Homeowners are required to continue to own and occupy the home for up to three years, depending on the amount of assistance.
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Landlords are required to agree that immediately subsequent to the adaptations being completed, for a period of one to five years, depending on the amount of assistance:
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The unit(s) to be adapted will continue to be rented to households that are eligible for assistance under this program;
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Rents in the adapted units will not be increased as a result of the adaptations;
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Rent increases will not, under any circumstances, exceed the maximum annual rent increases allowed under the Residential Tenancy Act, regardless of whether or not the current tenant remains in the unit.
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Inspections may be carried out by BC Housing or its representatives:
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Prior to approval — to ensure the scope of work is appropriate and reasonable.
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During construction – to confirm work is being completed as expected.
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Following the completion of work — to ensure that the approved adaptations have been completed and are functioning as intended.
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