Hardeep Gill Property Management’s Post

B.C. Increases Rent Supplements for Low-Income Seniors ➡ Enhanced Support: B.C. raises monthly rent supplement for low-income seniors in the Shelter Aid for Elderly Renters (SAFER) program. ➡ One-Time Top Up: Qualifying seniors receive a one-time additional payment of $430. ➡ Monthly Subsidy Increase: Monthly subsidies rise by $110, pushing the average monthly assistance to $310. ➡ Expanded Eligibility: Income threshold for program qualification increased from $33,000 to $37,240, adding approximately 4,800 more seniors. ➡ Calls for Further Action: Critics argue for more substantial measures to address rent increases and housing affordability. ➡ Mixed Reactions: Some see the increase as a positive step but insufficient; advocacy groups demand broader changes. ➡ Future Protests Planned: Seniors' advocacy groups to continue raising awareness about senior poverty. ➡ Underutilized Funds: Reports indicate millions in rent subsidies have gone unspent in past years. ➡ No Increase for Non-Seniors: Other low-income renters will not receive the monthly increase but are eligible for a renters' tax credit. ➡ Funding Sources: The one-time top up is federally funded, while the province covers the monthly increase cost. #BCSeniors #HousingCrisis #RentalAssistance #AffordableHousing #PolicyChange #SeniorSupport

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