How does it work?
Here's how the Disability Trust works:
- A person with a disability applies to join a housing co-op.
- Once accepted both the new member and the co-op fill out the application and submit it to the DT.
- The application is reviewed for eligibility and completeness. If the new member qualifies for a loan, contracts are prepared and mailed to the co-op. The loan is a three-party agreement between the new member, the co-op and the land trust.
- When signed contracts are received by the Trust, a cheque is sent directly to the co-op on behalf of the member.
- All loans are interest-free and repayable within five years. After a one year grace period, the member makes small monthly repayments to the co-op who submits a cheque to the DT annually on the member’s behalf. The current loan maximum is $2000, and eligible applicants may apply to the Ministry of Employment and Income Assistance for an additional loan.