Naismith Co-op – 10 York St. Site

Information: Naismith Co-op, 10 York St. Site

Naismith Co-op is accepting application forms for:

5 one-bedroom apartments

There are only two ways to apply

  1. Complete a form on-line at https://co-ophousingtoronto.coop/naismith-co-op/
  1. Mail in your application to

POST OFFICE BOX (this is not an office)
283 Danforth Avenue, Unit 502, Toronto, ON, M4K 1N2

Naismith Co-operative Online Application Form

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1 Bedroom Rent - $963.00 + Utilities | Maximum Household Income Limit - $46,176.00
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*Required Field
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1. PRIMARY APPLICANT
Date of Birth
Current Address
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2. CO-APPLICANT
Date of Birth
Current Address
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3. OTHER HOUSEHOLD MEMBERS
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Date of Birth
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4. UNIT
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What size of unit do you qualify for?
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5. HOUSING BACKGROUND
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How long have you lived at your current address?
If you have lived there less than 2 years, please give your previous address
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All selected applicants will have to provide written authorization for the credit check.
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6. HOUSEHOLD INCOME
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Please give us the monthly before-tax income (gross income) of each household member.
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Name of household member.
Employer or other source of income (for example, Social Assistance, CPP, OAS).
Gross income each month.
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You will need to provide proof of this income.
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1 Bedroom Rent - $963.00 + Utilities | Maximum Household Income Limit - $46,176.00
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Applicant(s) Consent Form
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All applicants 16 years of age and older agree to the following:
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• applying to be members of Naismith Co-operative
• providing truthful information
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If the co-op approves my application and offers me/us a unit then I/we agree to:
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• Pay a one-time membership fee of $20.00 for each member.
• Declare that all the information in this application is correct.

• We give the co-op permission to verify any or all of this information, and to do a landlord check and a credit check.
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I / we understand that Naismith Co-operative will use the information to:
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• contact us about this application
• determine our eligibility for housing and membership in the co-op.
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I / we understand that the information in this form and other information about us will only be disclosed to the board of directors, committees, staff, consultants and regulators of the Co-op on a need-to-know basis. We understand that the Co-op will destroy personal information about us that it no longer needs, subject to government requirements.
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Signatures of all household members over 16 years of age:
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10 York Street is a 65 storey condominium at the corner of York Street and the Gardiner Expressway.

Housing Charges (rents)

One-bedroom housing charges are $963.00 plus utilities

*Members must pay the full housing charge. There are no subsidies available.

Occupancy Dates:

10 York is under construction

One-bedroom apartments will tentatively be available March 2019 (the date could change)

Income Eligibility 

The combined household income must not exceed $46,176.00 before tax deduction (gross household income)

Applicants will be asked to provide confirmation that their income is less than $46,176.00 before taxes.

Parking

Resident must make their own arrangements for car parking.

Bicycle Parking

Each apartment will have an assigned bicycle parking space.

Storage

A storage locker can be rented for $40.00 per month.

Selection Process

Applicants must submit one Application Form either on-line or by mail (you can download an application here)

The Co-op will conduct a lottery. The applications will be drawn and numbered. The first 50 applications will be invited for a mandatory information session.

Application forms must be received by midnight on Monday, September 3, 2018. Application forms received after midnight, September 3, 2018 will not be entered into the lottery.

The Co-op will only contact the applicants who are short-listed to attend an information session.

Frequently Asked Questions & Answers

Please click on a question to view the answer.

No, there are no rent supplements available.  You must pay the full housing charge (rent) to the Co-op each month.

To find out more about housing co-ops, click on the following link.

https://co-ophousingtoronto.coop/about-co-operatives/

Clicking here will link you to an Application form. Submit the Application form before midnight on Monday, September 3, 2018 and your name will be placed in the lottery for an apartment.

No – only one Application form can be entered into the lottery per household. If it is determined that more than one application was submitted from a household, those applications will be disqualified.

No – only one Application form can be entered into the lottery per household. If it is determined that more than one application was submitted from a household, those applications will be disqualified.

The Co-op wanted a fair and transparent process to allocate apartments. The old system of a chronological waiting list resulted in the new affordable housing units going to people who were lucky enough to have heard about the Co-op early on. This isn’t fair. To ensure that everyone has an equal chance of getting an apartment, the Co-op decided to hold a lottery to allocate the apartments.

The lottery will be held by the end of September 2018.  If your name is selected you will be informed within two weeks.  The City will supervise the lottery to make sure it is fair.

There is no minimum income, but you will be asked  to provide proof to the Co-op that you will be able to pay the housing charge (rent) each month.

You have to submit an Application form and be selected through the lottery.

The City sets the maximum household income ($46,176.00) for applicants at the time they move in.  You must update your income verification before your sign the Housing Agreement (lease). If your income is higher than the City’s income cap then you will not be able to move in.

To qualify for a one bedroom apartment as a single person with shared custody or access rights to a child, the following conditions must be validated prior to occupancy:

a) you are either a parent or legal guardian of the child; and

b) you are subject to a Court Order or a domestic contract that is valid under the Family Law Act and that is in writing and signed by both parties and witnessed; and

c) the Court Order or domestic contract states that you are required or permitted to provide overnight accommodation for the child, at least 78 nights per year and the bedroom is required to provide adequate accommodation for the child.

No – Subletting and or short term rentals (Airbnb) are prohibited in the Housing Agreement (lease). If you sublet or let it out on short term rentals, you will be evicted.

None of the Co-op units have parking spaces.

Yes – each apartment will be allocated one indoor bicycle parking space.

Yes – a storage locker is available for $40.00 per month.

Members will pay for electricity, hot water, heating/cooling and gas.  The apartment will have two meters.  One measures electricity and the other measures your consumption of hot water and heating/cooling.  The only utility included in the rent is water.

The cost of utilities will depend on how effective you are at conserving energy.

No. Your monthly housing charge (rent) includes all the condo maintenance fees.

Yes – The Co-op will insure the physical structure (the walls etc.) but you need contents’ insurance. You need to have content insurance in place before you get the keys.

Information about co-ops and how they operate can be found on the following web sites:

https://co-ophousingtoronto.coop/

https://chfcanada.coop

Yes – There are over 200 housing co-ops in the Greater Toronto Area.  For information about housing co-ops with open waiting lists go to:

https://co-ophousingtoronto.coop/co-op-open-waiting-lists/