RENT SUBSIDY POLICY

In 2011, Tikva Housing Society established the “Rent Subsidy Program” to provide eligible low-income singles and families with cash assistance towards their monthly rent, within available funding.

This program is part of a continuum of housing options that Tikva offers.  It complements Tikva’s other subsidized housing programs whereby applicants are housed in units owned or managed by Tikva.

 

BACKGROUND

For the 2015/16 year, funding received from private donors, amounted to $78,664 a decrease of $15,300 from the previous year.  In order to serve as many applicants as possible, Tikva Housing reduced in most cases, the subsidy provided to: $200/month for singles, $300/month for couples or two people and $400/month for families.

 

SUMMARY

Recipient Households Oct. 2014 Jun. 2015 Dec. 2015 Jun. 2016
Singles 9 8 8 7
Families 8 8 9 8
Couples 0 1 1 3
Total 17 17 18 18

 

 

People Housed Oct. 2014 Jun. 2015 Dec. 2015 Jun. 2016
Adults 21 20 23 26
Children 19 16 21 24
Total 40 36 44 50

 

 

Funding Oct. 2014 Jun. 2015 Dec. 2015 Jun. 2016
Monthly Average Subsidy  

$448

 

$423

 

$290

 

$295

Total Subsidy

Committed

 

$91,000

 

$91,000

 

$67,000

 

$67,000

 

The program continues to be very successful.  People are helped promptly.  Applicants are interviewed, they provide proof of income and if available copy of their lease.  Through a point score system, higher need applicants are selected.  There are fluctuations among recipients, people move, incomes change, and the program is able to adapt to these.