British Columbia

Co-op Share Purchase Supplement

Easy application

Tax filing not required

Note:

This supplement is repayable when you move from the co-op or when the case is closed.

Prerequisite(s) required

To get this benefit you need to first apply for the following benefit(s) if you're eligible:

A Co-op Share Purchase Supplement may be provided to assist recipients of income assistance or disability assistance with the cost of purchasing shares in a co-operative housing corporation. The supplement payable to eligible recipients is either $850 or 50% of the cost of membership shares, whichever is smaller.

Note: A co-op share purchase supplement is repayable when the recipient moves from the co-op or when the case is closed.

Co-op Housing Share Purchase Supplement may be paid only if both of the following apply:

  • The family unit has received disability assistance or income assistance for at least the three previous calendar months.
  • The recipient agrees in writing to repay the lump sum.

Recipients of hardship assistance are not eligible for a co-op share purchase supplement.

A co-op share purchase supplement is not to be issued where a recipient is renting a co-operative housing unit, as shares are not being purchased in rental situations.

If you meet the eligibility requirements for a co-op Housing Share Purchase Supplement, meet with your Employment and Assistance Worker (EAW) who will review your eligibility and provide you with the required forms and process your request.

If you are deemed ineligible for the co-op Housing Share Purchase Supplement, your EAW will explain the reason(s) for this and clearly explain the options available, including information on the reconsideration process.

Last updated: April 7, 2021