United Counties of Leeds and Grenville Human Services Division … · 2018-12-05 · United...

United Counties of Leeds and Grenville Human Services Division

Directive

Directive: 2015 Market Rent Index & Indices for Non-Profit Projects

Issue Date: August 11, 2014 Directive No.: DIR2014-05

Revision Date: N/A Revision No.: N/A

Applicable Policy: N/A

Type: Operational

The policies and procedures in this Directive are to be implemented by Housing Providers/Cooperatives funded by the Municipality under the following programs.

Provincial Non-Profit Housing Providers

Gananoque Family Housing

Legion Village 96 Seniors Residence

Brockville Municipal Non-Profit Housing Corp.

Gananoque Housing Inc.

Twp. of Bastard & South Burgess Housing Corp.

South Crosby Non-Profit Housing Corp. – Pineview

Federal Non-Profit Housing Providers

Athens & District Non-Profit Housing Providers

Gananoque Housing Inc.

Marguerita Residence Corp.

South Crosby Non-Profit Housing Corp. – Rideau Lakes

Federal/Provincial Cooperative Housing

Shepherds Green Cooperative Homes Inc.

Housing Providers

UCLG Public Housing Rent Supplement Program

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Directive


Issue Date: August 11, 2014 Directive No.: DIR2014-05 Revision Date: N/A Revision No.: N/A

BACKGROUND

Each year, the Ministry provides indices for costs and revenues to calculate subsidies under the Housing Services Act (HSA). The indices to be used for 2015 are contained in this directive.

PURPOSE

The purpose of this directive is to advise housing providers of the index factors to be used in the calculation of subsidy for 2015. .

ACTION TO BE TAKEN Housing providers shall use the index factors in the table below to calculate subsidies. The percentages provided in the 2015 tables have been converted into “index factors” as instructed in O. Reg. 369/11 Section 13 (1) (i.e. percentage converted to a decimal plus 1.0).

TOWNHOUSES AND APARTMENTS

MIXED NON-PROFIT 100% RGI NON-PROFIT COSTS HOUSING PROVIDERS HOUSING PROVIDERS Administration and 1.0285 1.0285 maintenance Insurance 1.09 1.09 Bad Debt 1.016 1.0285 Electricity 1.0808 1.0808 Water 1.0681 1.0681 Natural Gas 1.3941 1.3941 Oil and Other Fuel 1.1128 1.1128 Capital Reserves 1.0285 1.0285 REVENUES Indexed Market Rent 1.016 NA Vacancy Loss 1.016 NA Non-rental revenue 1.0 NA

REFERENCES

SH Notification Release 14-02 attached.

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Directive


Issue Date: August 11, 2014 Directive No.: DIR2014-05 Revision Date: N/A Revision No.: N/A

If you have any questions, please contact the following:

Chris Morrison, Manager, Housing Department Phone: (613) 342-3840 ext. 2328 E-mail: [email protected] Fax: (613) 342-8908

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mailto:[email protected]

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t?ontario

SHnoti ication social housing

Subject: 2015 Market Rent Index & Indices for Non-Profit Projects

D Legislation/Regulation Release 14-02

[g] Operational

The ministry provides indices for costs and revenues to calculate subsidies under the Housing Services Act, 2011 (HSA) on an annual basis. The indices which need to be used in the calculation of subsidies for 2015 are in the attached tables. Also attached are guidelines for their use:

• Attachment A - 2015 Market Rent Index. • Attachment B - 2015 Indices for Mixed Non-Profit Projects. • Attachment C - 2015 Indices for 100% RGI Non-Profit Projects. • Attachment D - Guide for 2015 Market Rent Index. • Attachment E - Guide for 2015 Indices for Mixed Non-Profit and 100%

RGI Projects.

For more information, please contact the ministry:

Erich Freiler Telephone 416 585-6193 e-mail: [email protected]

11Keith Ext nee, Director, Housing Funding & Risk Management Branch

Minist,y of M1111icipal Affairs and Housing July 2014


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Attachment A

2015 Market Rent Index Table

Name

Control

Barrie Barrie CMA Barrie Zone 1 - South Barrie Zone 2 - North 1.1% 0.1% Belleville Belleville CA 2.6% 3.3% Belleville 2.7% 4.4% Belleville Zone 2 - Ci of Quinte West 3.0% Bracebrid eTown Bracebrid e Town -2.1% 0.0% Brantford Brantford CMA 1.8% 25.9% Brant Ci Brant Cit 1.8% 25.9% Brockville CA Brockville CA 3.7% 3.7% Chatham Chatham-Kent CA 4.1% 5.8%

**Chatham Zone 1 - Chatham Ci 4.4% Chatham Zone 2 -Wallacebur 0.5% -3.3% Chatham Zone 3 - Rest of Kent 5.1% 4.2%

**Cobour CA 2.4% **Collin wood CA Collin wood CA -1.8%

Cornwall Cornwall CA 2.3% 7.3% Cornwall 2.2% 7.5% Cornwall 2.8%

**Cornwall Zone 3 - Outl in Areas -4.0% Elliot Lake CA Elliot Lake CA 3.3%

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**Gravenhurst Town Gravenhurst Town 2.3% Greater Na anee Town Greater Na anee Town 0.8% Guelph Guelph CMA 2.1% 1.6%

**Guelph Zone 1 -West 2.3% Guel h Zone 2 - South 1.7% 1.7%

Minisl!y of Municipal Affairs and Housing July 2014

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Attachment A


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Name

2015

Guideline MRI

Guelph Zone 3 - East 1.6% Haldimand Town Haldimand Town 2.9% 1.6% Hamilton Hamilton CMA 4.4% 2.1% 1.6% Hamilton Zone 1 - Downtown Core 4.1% 1.6%

**Hamilton Zone 2 - Central East 4.0% 1.6% Hamilton Zone 3 - East End 6.5% 1.0% 1.6% Hamilton Zone 4 - Central 1.5% 1.6% Hamilton Zone 5 -West End 6.8% 1.6% Hamilton Zone 6 - Mountain 6.0% 2.2% 1.6%

**Hamilton Zone 7 - Grimsby and Stone Creek -0.6% 1.6% Hamilton Zone 8 - Burlin ton 3.1% 3.3% 1.6%

Hamilton Zone 9 - Ancast./Dundas/Flambor./Glanbrk. 2.6% 0.0% 1.6% Hawkesbu CA Hawkesbury CA 0.2% 2.2% 1.6% Huntsville Town Huntsville Town 0.2% 0.0% 1.6%

**In ersoll Town In ersoll Town -1.4% 1.6% Kawartha Lakes CA Kawartha Lakes CA 0.7% 3.9% 1.6% Kenora CA Kenora CA 1.3% 0.0% 1.6%

**Kin ston Kin ston CMA 5.0% 1.6% **ston 2.8% 1.6%

ston 2.2% 1.6% ** ston 3.5% 1.6%

ston Zone 4 - Rest of Kin 14.3% 1.6%Kin Kitchener Kitchener CMA 5.1% 5.5% 1.6% Kitchener Zone 1 - Kitchener East 3.3% 8.0% 1.6%

**Kitchener Zone 2 - Kitchener Central 17.3% 1.6% Kitchener Zone 3 - Kitchener (West) 3.4% 6.1% 1.6%

Ministry or Municipal Affairs and Housing Ju y 2014 l 2

Lambton Shores Ci

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Attachment A


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Name

2015 Rent

Control 2015

Guideline MRI Kitchener Kitchener Ci 1.6% Kitchener Zone 4 -Waterloo Ci 1.6% Kitchener Zone 5 - Cambridge Ci 4.7% 7.0% 1.6%

**Kitchener Zone 6 - Two Townships 5.9% 1.6% **Lambton Shores Ci 5.2% 1.6%

Leamington CA 1.7% 1.6% 1.6% London 0.6% 1.6% 1.6%

**London Zone 1 - Downtown North 0.8% 1.6% London Zone 2 - Northeast 1.6% 7.3% 1.6%

**London Zone 3 - North -3.4% 1.6% **London Zone 4 - Northwest 1.6% 1.6%

London Zone 5 - Southwest 0.8% 4.9% 1.6% London Zone 6 - South Central -0.1% 1.6% London Zone 7 - South 0.4% -5.3% 1.6% London Zone 8 - East 0.9% 5.3% 1.6%

**London Zone 9 - St. Thomas 0.6% 1.6% London Zone 10 - Strathro -Caradoc **1.4% 1.6%

**London Zone 11 - Rest of CMA -0.1% 1.6% Midland CA Midland CA 3.4% 1.6%

**Mississippi Mills Town Mississippi Mills Town 3.5% 1.6% **Norfolk CA Norfolk CA -0.3% 1.6%

North Ba CA North Ba CA 2.7% 4.1% 1.6% **North Perth Town North Perth Town -3.6% 1.6% **Orillia CA Orillia CA 1.9% 1.6%

Oshawa Oshawa CMA 5.1% 3.7% 1.6% Oshawa Zone 1 - Oshawa (North 7.0% 0.5% 1.6%

**Oshawa Zone 2 - Oshawa (S./Central) 5.4%

Ministry of Municipal Affairs and Housing July 2014 3

Attachment A


Name

2015 Rent

Control 2015

Guideline MRI

Oshawa Oshawa Ci (Zone 1 -2) 1.6% Oshawa Zone 3 - Whitb 2.4% ** 1.6% Oshawa Zone 4 - Clarin ton 2.8% ** 1.6% Ottawa Ottawa CMA 1.9% 1.3% 1.6% Ottawa 01-Downtown 1.0% 0.9% 1.6% Ottawa 02-Sand Hill/Lowertown 1.8% 9.1% 1.6% Ottawa 03-Glebe/Old Ottawa South -1.5% 7.9% 1.6% Ottawa 04-Alta Vista/Hunt Club 3.3% 0.6% 1.6% Ottawa OS-Carlin ton/Iris 3.0% 3.2% 1.6% Ottawa 06-Chinatown/Hintonbur /Westboro N 0.8% 10.7% 1.6% Ottawa 07-New Edinb./Manor Park/Overbrook 1.3% 0.0% 1.6% Ottawa 08-Westboro S/Hampton Pk/Britannia 2.6% ** 1.6% Ottawa 09-Hunt Club South Ke s 1.3% 1.7% 1.6%

Ottawa 10-Vanier 3.8% 5.3% 1.6% Ottawa 11-Gloucester North Orleans 2.6% 0.1% 1.6% Ottawa 12-Eastern Ottawa Surroundin Areas 1.6% -26.8% 1.6% Ottawa 13-Nepean 1.4% 2.2% 1.6% Ottawa 14-Wester Ottawa Areas 2.2% 8.0% 1.6% Owen Sound CA Owen Sound CA 2.0% ** 1.6% Pembroke CA Pembroke CA 2.6% 0.9% 1.6% Petawawa CA Petawawa CA -0.9% ** 1.6% Peterborou h Peterborou h CMA 0.8% 14.0% 1.6% Peterborou h Zone 1 - Downtown -0.4% -0.9% 1.6% Peterborou h Zone 2 - Rest of CA 1.7% 24.7% 1.6% Port Hope CA Port Ho e CA 2.1% ** 1.6% Prince Edward Count Prince Edward Count 3.8% 4.7%

Sarnia CA Sarnia CA 2.7% 10.4%

Ministry of Municipal Affairs and Housng i July 2014 4

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Sudbu Sudbu Sudbu Sudbu Sudbu

Attachment A


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Name

2015 Rent Control 2015

Guideline MRI

Sau een Shores Town Saugeen Shores Town 1.6% 1.6% Sault Ste. Marie Sault Ste. Marie CA 1.6% 1.6% Sault Ste. Marie Zone 1 - Downtown 8.0% ** 1.6% 1.6% Sault Ste. Marie **4.8% 1.6% 1.6% Sault Ste. Marie 2.1% 1.6% 1.6% South Huron Town South Huron Town 0.0% ** 1.6% 1.6% St. Catharines St. Catharines-Nia ara CMA 1.6% 3.4% 1.6% 1.6% St. Catharines Zone 1 - St. Catharines (Core 2.7% ** 1.6% 1.6% St. Catharines Zone 2 - St. Catharines (Remainder) 2.4% 2.6% 1.6% 1.6%

**St. Catharines Zone 3 - Nia ara Falls (Core) -1.0% 1.6% 1.6% St. Catharines Zone 4 - Nia ara Falls Remainder 0.8% 2.8% 1.6% 1.6% St. Catharines Zone 5 - Wellend 2.5% 1.6% 1.6%

Zone 6 - Niagara-on-the**St. Catharines Lake/Wainfleet/Pt.Colb./Thorald/Pelham 0.5% 1.6% 1.6%

St. Catharines Zone 7 - Fort Erie -1.8% 1.6% 1.6% Stratford CA Stratford CA 2.1% 2.8% 1.6% 1.6%

Greater Sudbu CMA 0.4% 1.6% 1.6% **Zone 1 - Lockerby 0.2% 1.6% 1.6% **Zone 2 - New Sudbu 1.5% 1.6% 1.6%

1.io/o 1.6% ** .Zone 3 - Old Sudbu 0.3% •

1.io/o.•Zone 4 - Remainder Metropolitan Area -1.4% 1.6% Shores CA Temiskamin Shores CA 1.io/o 1.6%4.2% **

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Thunder Ba CMA 1.io/o 1.6%4.4% ** • .

1.•i.o/o. 1.6% 1.6%

Zone 1 - North Ward 3.7% Zone 2 - South Ward 5.1% Tillsonbur CA 1.9% 1.io/o. .•

. 1.6% Timmins CA Timmins CA 0.8% 12.8% • . 1.6%

Ministry of M unlcipal Affairs and Housing July 2014 5

MRI

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Attachment A


·, Name

2015 Rent

Control 2015

Guideline

Toronto Toronto CMA 1.6% **Toronto Zone 1 - Former Cit of Toronto Central 0.4% 1.6% **Toronto Zone 2 - Former Cit of Toronto (East) 5.4% 1.6%

Toronto Zone 3 - Former Cit of Toronto North 5.0% 1.6% Toronto Zone 4 - Former Ci of Toronto West 0.1% 8.3% 1.6%

**Toronto Zone 5 - Etobicoke (South) 4.3% 1.6% Toronto Zone 6 - Etobicoke Central) 4.1% 1.3% 1.6% Toronto Zone 7 - Etobicoke North 4.8% 4.8% 1.6%

**Toronto Zone 8 - York 2.9% 1.6% Toronto Zone 9 - East York 3.7% 1.1% 1.6% Toronto Zone 10 - Scarborou h (Central 1.1% 1.6% Toronto Zone 11 - Scarborou h (North) 3.7% ** 1.6% Toronto Zone 12 - Scarborou gh East)' 2.7% ** 1.6% Toronto Zone 13 - North York (Southeast) 1.2% 7.5% 1.6% Toronto Zone 14 - North York Northeast) 7.3% 5.5% 1.6% Toronto Zone 15 - North York Southwest -0.6% ** 1.6% Toronto Zone 16 - North York (N.Central) 3.5% ** 1.6% Toronto Zone 17 - North York (Northwest) 2.3% 1.6 7.1% 1.6% Toronto Zone 18 - Mississau a South 1.6% -11.7% 1.6% Toronto )Zone 19 - Mississauga (Northwest) 2.9% 5.5% 1.6% Toronto Zone 20 - Mississau a Northeast 2.8% 2.8% 1.6% Toronto Zone 21 - Brampton West 2.0% 7.5% 1.6% Toronto Zone 22 - Brampton (East 2.3% ** 1.6% Toronto Zone 23 - Oakville 1.6% ** 1.6% Toronto Zone 24 - Caledon ** ** 1.6% Toronto Zone 25 - R. Hill, Vau ghan, King 1.3% **

Toronto Zone 26 - AurorQ, Newmkt, Whit-St. 6.0% **

Ministry o! Municipal Affairs and Housing July 2014 6

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Attachment A


Name

2015 Rent Control 2015

Guideline MRI

Toronto Zone 27 - Markham 1.6% Toronto Zone 28 - Pickerin /Aax/Uxbrid e 1.4% ** 1.6%

**Toronto Zone 29 - Milton, Halton Hills 1.3% 1.6% **Toronto Zone 30 - Oran eville 3.3% 1.6%

Toronto Zone 31 - Bradford,W. Gwillimbu 0.8% 1.6% West Nipissin Town West Nipissin Town 3.7% 1.6%

**Windsor Windsor CMA 0.6% 1.6% **Windsor Zone 1 - Centre 0.9% 1.6% **Windsor Zone 2 - East Inner -4.0% 1.6% **Windsor Zone 3 - East Outer 2.2% 1.6%

Windsor Zone 4 -West 0.7% 1.6% **Windsor Zone 5 - Amherstbur Township 4.3% 1.6% **Windsor Zone 6 - Remainder 2.4% 1.6%

Woodstock CA Woodstock CA 1.8% 2.4% 1.6%

Note: ** implies no units exist for the area or data for the area is suppressed b CMHC to protect confidentiality.

Ministry of Municipal Affairs and Housing

July 2014 7

Attachment B

Benchmark Costs

and maintenance Ontario CPI All-items 2.85%

Insurance Ontario CPI - homeowner's home and mortgage insurance sub-index 9.00%

Bad Debt Market Rent Index MRI• Table

Electricity Ontario CPI - Electricity sub-index 8.08%

Water Ontario CPI - Water sub-index 6.81%

Natural Gas Ontario CPI - Natural gas sub-index 39.41%

Oil and Other Fuel

Ontario CPI - Oil and other fuel sub-index 11.28%

Benchmark Revenues

Ca ital Reserves

Indexed Market Rent

Ontario CPI All-items

Market Rent Index

2.85%

MRI Table

Vacanc Loss Market Rent Index MRI Table

Non-Rental Revenue Factor of 1 Factor of 1

' iVlRI = Market Rent Index

Attachment C

Benchmark Costs Administration and

Maintenance

Insurance

Bad Debt

Electricity

Water

Natural Gas

Oil and Other Fuel

Capital Reserves

Ontario CPI All-items 2.85%

Ontario CPI - Homeowner's Home and Mortgage

9.00% Insurance sub-index


Ontario CPI - Electricity sub-index 8.08%

Ontario CPI - Water sub-index 6.81%

Ontario CPI - Natural Gas sub-index 39.41 %

Ontario CPI - Oil and Other Fuel sub-index 11.28%


Attachment D

Guide for 2015.Market Rent Index Table

The 2015 Market Rent Index Table is similar in structure to the Market Rent Index Table issued by the ministry in the past. The following notes outline how to identify the applicable market rent index for zones within each Service Manager's service area.

Using the "2015 Market Rent Index Table" to Identify Applicable MRI

•e The ministry has provided the final 2015 market rent index for all ServiceeManagers in the "2015 Market Rent Index Table."

•e The 2015 market rent index can be identified in the highlighted columns titled:eoe "Apartment" 2015 Market Rent Index oe "Row (Townhouse)" 2015 Market Rent Index

•e Service Managers will then identify the applicable market rent index for theerespective service area, according to the CA, CMA or zone provided in thee2015 Market Rent Index Table.e

•e The applicable CA, CMA or zone for apartments or row (townhouses) will beeselected by the Service Managers from either:e

oe The CA, CMA or zone encompassing the service area in question, oreoe The CA, CMA or zone that is closest to the service area in question, ase

identified by the service manager.e

How to Identify Boundaries for Zones listed in 2015 Market Rent Index Table

•e Many of the Rental Market Reports published by the Canada Mortgage andeHousing Corporation (CMHC) include descriptions of the boundaries of theesurveyed zones. Please see the CMHC website under "rental marketesurveys/Ontario" to access the free reports.e

How to apply the "2015 Market Rent Index Table" as Populated

•e The final figure for the 2015 market rent index is the lesser of the RenteControl Guideline and the percentage change in the local average rent.e

•e I f CMHC data is not available at the zone level, the missing data should beereplaced with data from the applicable CA or CMA level.e

Ministry of Municipal Affairs and Housing l

Attachment D

oe I f CMHC data is not available at the zone, CA or CMA level, the missing dataeshould be replaced with the average Ontario-wide statistic.e

o Ontario-wide weighted average rental change used in 2015 table:ei.e Apartments: 1 .6%eii.e Townhouses: 1.6%e

oe Note: The 201 5 Market Rent Index can be zero, a positive or negativeenumber in accordance with the funding formula outlined in the OntarioeRegulation 369/11e.e

For more information contact:

Erich Freiler Manager, I n frastructural & Asset Management Unit Housing Funding & Risk Management Branch Ministry of Municipal Affairs and Housing Telephone: 41e6-585-6193 E-mail: [email protected]

{� Keith Extance Director, Housing Funding & Risk Management Branch Ministry of Municipal Affairs and Housing

Ministry of Municipal Affairs and Housing 2


Attaclunent E

G u i d e f o r 2 0 1 5 I n d e x T a b l e s

The following notes describe two documents provided by the ministry for application in the Housing Services Act, 2011 (HSA) subsidy calculation:

•e 2015 Mixed Non-Profit Index Tablee•e 2015 100% RGI Non-Profit Index Tablee

201 5 Index Table - Mixed Non-Profit Projects

The 2015 Mixed Non-Profit Index Table presents a combination of indices for costs and revenues for non-profit projects. Please note that the indices for the non-profit revenue items are listed in the 2015 Market Rent Index Table due for release in September.

201 5 Index Table - 1 00% RGI Non-Profit Projects

The 2015 100% RGI Non-Profit Index Table presents a list of indices for individual costs items for 100% RGI non-profit projects.

Applyi ng the Ind ices

The numbers provided in the 2015 tables are percentages. To apply these indices in the subsidy calculation process, the number provided in the table will need to be converted into an "index factor," as instructed in HSA 0. Reg. 369\11 Section 6.1 .

For example: 2.34% converts to a "factor" of 1 .0234

This factor is calculated by applying the following:

•e Express the cost index as a decimal figuree•e Add 1 .0 to the decimal figuree

For example: •e Indexe= 2.34%e•e Decimal = 0.0234 plus 1.0e•e Index factore= 1.0234e

Attachment E

Or conversely (for a negative index):

For example: •e I ndexe= -2.34%e•e Decimal = -0.0234 plus 1 .0e•e Index factore= 0.977e

For more information please contact:

Erich Freiler Manager, Infrastructure & Asset Management Unit Housing Funding & Risk Management Branch Mineistry of Municipal Affairs and Housing Telephone: 4 1e6-585-6193 E-mail: [email protected]

Director, Housing Funding & Risk Management Branch Ministry of Municipal Affairs and Housing


United Counties of Leeds and Grenville Human Services Division … · 2018-12-05 · United...

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Transcript of United Counties of Leeds and Grenville Human Services Division … · 2018-12-05 · United...