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9.1. Maximum Household Assets


Community Housing Effective Date: March 1, 2013
Topic: Infrastructure & Asset Management Replaces: 
Subject: Maximum Household Assets Policy No. I.7.11. 



Eligibility for Rent-Geared-to-Income (RGI) is contingent upon the value of a household’s assets to not exceed a specified maximum value.

Pursuant to section 35 of the Housing Services Regulations a Service Manager may make a local eligibility rule that would require a household who is applying for Rent-Geared-to-Income Assistance have an asset value lower than the determined Maximum.


For the purpose of this policy, the Manitoulin-Sudbury DSB has chosen to initiate policy with respect to Maximum Asset Limits.

This value will be set at $100,000. 

Current tenants in receipt of Rent-Geared-to-Income Assistance who have exceeded the policy limits will be granted a one-time exemption. 

The DSB will follow the Housing Services Act and Regulations with respect to all exempt assets.

Reference:  O. Reg. 367/11 section 35