Apartment Rental

As a BC Housing CHF project, the rental structure is as follows:

• 20% of units (7 homes) at the provincial assistance rate of $375 a month, available to applicants who are on income assistance, disability, or seniors on a basic pension.
  Deep Subsidy Income Limits (CHF projects):
  a) For residential units with less than two (2) bedrooms, a gross household income that does not exceed the maximum Old Age Security (OAS) plus Guaranteed Income Supplement (GIS) amount, as determined by BC Housing from time to time. For 2022, this figure is $21,946 (compared to $19,813 last year).
  b) For residential units with two (or more bedrooms, a gross household income that does not exceed the maximum income threshold based on the income that would be required to pay  30% of income equal to the maximum shelter rate for a 3 person household, as determined by by BC Housing from time to time. For 2022, this figure is $26,600 (compared to $26,400 last year).
• 50% of units (18 homes) with 'rent geared to income' (RGI) where rent is 30% of the tenant's gross monthly income. Maximum income limits apply.
• 30% of units (11 homes) at or near market rent, with rents to be determined closer to the building opening. Maximum income limits apply.

As a CHF project, The Heart on the Hill is mixed income rental that will house individuals with a wide range of ages, incomes, and abilities. This ensures diversity and helps build community.

The Ladysmith Resources Centre Association (LRCA) owns and operates the "Heart on the Hill" building.

The project’s capital budget (including construction) and operating budgets are tied to the building’s monthly mortgage payments. While separate from the day-to-day operations of the LRCA programs, the LRCA is financially and legally bound to the executed agreements.

BC Housing requires the building to be operationally sustainable and completes extensive financial reviews during the project design/development phase as well as conducts on-going annual financial reviews and periodically operational reviews.

The target group for the Buller Street project is "seniors, individuals with disabilities and families." Individuals with intellectual and developmental disabilities are included in the category of "persons with disabilities."

There are 8 one-bedroom units that are fully wheelchair accessible with lowered countertops, light switches, and controls, plus larger than typical hallways, etc. There are also 19 adaptable one-bedroom units that can be efficiently and inexpensively modified as per tenants needs.

There is an on-site parking lot with 18 spaces as well as 11 dedicated street parking spaces along Third Avenue.

Two spaces are dedicated to disabled parking permits: one in the parking lot; one among the street parking.