Bond assistance loans: resources

The bond assistance loan is determined by factors such as:

• number of tenants
• relationship of tenants

For example, a couple or adult with a child will receive a maximum payment of up to $1,700 in addition to two weeks rent in advance. 

No, the loan is paid directly to the landlord on your behalf. You must make payments on the loan to Communities during the term of the tenancy until the loan is repaid in full.

Reimbursement is possible within the first eight weeks; however, you must be able to provide details of the lease agreement including copies of paid receipts. 

If you have met the conditions of your lease and repaid the loan amount in full, the landlord will refund the bond to you when you vacate. However, if the loan is not paid in full, the landlord will pay any outstanding amount of the unpaid loan directly to Communities and refund only the balance to you.

You may still apply for a bond assistance loan if you have an existing debt. If you have an existing debt and extenuating circumstances exist, Communities will consider applications at their discretion providing arrangements have been made to commence repayments of the debt.

View the bond assistance loan policy (see PDF below) for information.