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FAQs


Other Links:

FAQs

How Does the Application Process Work?

Step 1: Information Session
The first step in applying for membership to Brittany Lane is to attend a NACHA (Northern Alberta Co-operative Housing Association) information session. All applicants are required to attend this session, and must include this receipt with their application.

NACHA can be reached at 780-482-6128 or their website www.nacha.ca
200, 12120 – 106 Ave., Edmonton, AB.
2010 sessions will be held at Stanley A Milner Library (downtown) @ 7PM in the Centennial Room (basement).
There is a $10 per person fee.

Step 2: Apply
Once you have attended the session, complete the application form and ensure that all supporting documentation is provided. Your application will not be accepted if the NACHA receipt is not attached.
The application fee is a non-refundable $20.00.

Step 3: Interview #1
Once your application is completed, and all documentation is supplied, a Co-op member will contact you to schedule a date for your personal interview. This is done by the members. The interviewing members will make a recommendation to the Board of Directors regarding your approval for membership.

Following this interview, a credit check will be conducted, and then your application will continue to the Board of Directors.

Step 4: Interview #2
At the Interview with the Board of Directors all persons listed on the application are required to attend a second “In- Camera” (meaning confidential) interview to discuss financial and other personal matters that were not covered at your initial interview. All persons (including children) that will be living in the unit are required to attend this interview.

Following this meeting, the Board will make a decision regarding your membership acceptance and you will be contacted via mail within a few days. In the event that you are accepted for membership and there are no suitable units currently available, your name will be placed on a waiting list if you wish. It is important to note that the waiting list does not work in order of placement or order received, but rather, greater consideration is given to the needs of those on the waiting list and the needs of the Co-operative at large.

Step 5: Accepting Your Assigned Unit & Initial Fees
If you are accepted and assigned a unit, you will have 72 hours to place a $250.00 non-refundable deposit to hold the unit.  If we have a vacant unit or can make arrangements with the existing member, we will show you a unit.  Often members do not even see the inside of their unit until the day they move in.

Each member is required to pay $1000.00 for their member shares. The $250.00 deposit will be deducted from the $1000.00, leaving a balance of $750.00 owing.

A few days before you move in a mutual time for a move-in inspection will be scheduled.  It is at this time that you will be asked to sign an occupancy agreement. You will also have to pay your first month’s housing charge as well as the balance of the member shares of $750.00 or you will be given the option to pay $250.00 and the balance of $500.00 over 10 months.

Once all the paperwork is looked after, and your inspection is completed, you can move your belongings into the unit.

How Long Does the Process Take?

  • NACHA Orientation - held monthly
  • Brittany Lane Interview Process - 1-3 months
  • Waiting List - Traditionally, Brittany Lane does not ever have a long waiting list.  2 Bedroom units take longer to become available than 3 and 4 bedroom units. Though moves occur throughout the entire the year - more units are generally available during the spring and summer months. Often it can up to a 2 year wait for a two bedroom unit.  The Co-op has a majority of 3 bedroom units so they come available more often than other sized units.

Step 1: Information Session
The first step in applying for membership to Brittany Lane is to attend a NACHA (Northern Alberta Co-operative Housing Association) information session. All applicants are required to attend this session, and must include this receipt with their application.

NACHA can be reached at 780-482-6128 or their website www.nacha.ca
200, 12120 – 106 Ave., Edmonton, AB.
2010 sessions will be held at Stanley A Milner Library (downtown) @ 7PM in the Centennial Room (basement).
There is a $10 per person fee.

Step 2: Apply
Once you have attended the session, complete the application form and ensure that all supporting documentation is provided. Your application will not be accepted if the NACHA receipt is not attached.
The application fee is a non-refundable $20.00.

Step 3: Interview #1
Once your application is completed, and all documentation is supplied, a Co-op member will contact you to schedule a date for your personal interview. This is done by the members. The interviewing members will make a recommendation to the Board of Directors regarding your approval for membership.

Following this interview, a credit check will be conducted, and then your application will continue to the Board of Directors.

Step 4: Interview #2
At the Interview with the Board of Directors all persons listed on the application are required to attend a second “In- Camera” (meaning confidential) interview to discuss financial and other personal matters that were not covered at your initial interview. All persons (including children) that will be living in the unit are required to attend this interview.

Following this meeting, the Board will make a decision regarding your membership acceptance and you will be contacted via mail within a few days. In the event that you are accepted for membership and there are no suitable units currently available, your name will be placed on a waiting list if you wish. It is important to note that the waiting list does not work in order of placement or order received, but rather, greater consideration is given to the needs of those on the waiting list and the needs of the Co-operative at large.

Step 5: Accepting Your Assigned Unit & Initial Fees
If you are accepted and assigned a unit, you will have 72 hours to place a $250.00 non-refundable deposit to hold the unit.  If we have a vacant unit or can make arrangements with the existing member, we will show you a unit.  Often members do not even see the inside of their unit until the day they move in.

Each member is required to pay $1000.00 for their member shares. The $250.00 deposit will be deducted from the $1000.00, leaving a balance of $750.00 owing.

A few days before you move in a mutual time for a move-in inspection will be scheduled.  It is at this time that you will be asked to sign an occupancy agreement. You will also have to pay your first month’s housing charge as well as the balance of the member shares of $750.00 or you will be given the option to pay $250.00 and the balance of $500.00 over 10 months.

Once all the paperwork is looked after, and your inspection is completed, you can move your belongings into the unit.

How Long Does the Process Take?

  • NACHA Orientation - held monthly
  • Brittany Lane Interview Process - 1-3 months
  • Waiting List - Traditionally, Brittany Lane does not ever have a long waiting list.  2 Bedroom units take longer to become available than 3 and 4 bedroom units. Though moves occur throughout the entire the year - more units are generally available during the spring and summer months. Often it can up to a 2 year wait for a two bedroom unit.  The Co-op has a majority of 3 bedroom units so they come available more often than other sized units.
 

Income Ceiling

Brittany Lane does have an income ceiling, currently set at $97,935.00 gross annual income.  This rate increases each year with the rate of inflation.  The income ceiling is the combination of the entire family’s gross income. In order to ensure that members are complying with this income ceiling, we complete annual income verifications; each member must submit proof of income documentation for review by the Finance Committee. Income of working kids over 15 years of age is included with the household income if the child in not enrolled in school full-time.

What happens when my families income exceeds the income ceiling?

Household’s whose income exceeds the ceiling will be surcharged 30% of all monies in excess of the income ceiling.

For example: 

  • 3 Bedroom Unit - Current Housing Charge - $915.00
  • Member's Income = $100,000.00
  • Surcharge = Gross Annual Income - Income Ceiling ($100,000.00 - 95,848.00 = $4152) x 30% divided by 12 months = $103.80
  • Therefore, the member would pay a housing charge of ($915.00 + $103.30) $1018.80 per  month.

Additional Member Responsibilities

In addition to volunteer duties described in previous sections, each member must regularly attend the General Membership meetings, which are typically held every 2 to 3 months. It is at these meetings that the entire Co-op meets to discusses the business of the past and coming months and addresses any other concerns. All decisions are put to a democratic vote, so your attendance at these meetings is vitally important for determining the future and business of the Co-operative.

Brittany Lane does have an income ceiling, currently set at $97,935.00 gross annual income.  This rate increases each year with the rate of inflation.  The income ceiling is the combination of the entire family’s gross income. In order to ensure that members are complying with this income ceiling, we complete annual income verifications; each member must submit proof of income documentation for review by the Finance Committee. Income of working kids over 15 years of age is included with the household income if the child in not enrolled in school full-time.

What happens when my families income exceeds the income ceiling?

Household’s whose income exceeds the ceiling will be surcharged 30% of all monies in excess of the income ceiling.

For example: 

  • 3 Bedroom Unit - Current Housing Charge - $915.00
  • Member's Income = $100,000.00
  • Surcharge = Gross Annual Income - Income Ceiling ($100,000.00 - 95,848.00 = $4152) x 30% divided by 12 months = $103.80
  • Therefore, the member would pay a housing charge of ($915.00 + $103.30) $1018.80 per  month.

Additional Member Responsibilities

In addition to volunteer duties described in previous sections, each member must regularly attend the General Membership meetings, which are typically held every 2 to 3 months. It is at these meetings that the entire Co-op meets to discusses the business of the past and coming months and addresses any other concerns. All decisions are put to a democratic vote, so your attendance at these meetings is vitally important for determining the future and business of the Co-operative.

 



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