Mayne LTC Special Meeting Minutes

Extracted text (beginning)

Mayne Local Trust Committee 
Special Business Meeting 
April 19, 2023 ADOPTED Page 1 of 2 
 
 
Mayne Island Local Trust Committee 
Minutes of Special Meeting 
 
Date: 
Location: 
April 19, 2023 
Mayne Island Agricultural Hall 
430 Fernhill Road, Mayne Island BC 
 
Members Present: Tobi Elliott, Chair 
 Jeanine Dodds, Local Trustee 
 David Maude, Local Trustee 
  
Staff Present: Narissa Chadwick, Island Planner 
Fran Munro, Recorder (electronic) 
 
Others Present: Habitat for Humanity members (Scott Dutchak, Tiffany Gates, and David 
Gregory) 
There were approximately 26 members of the public present 
 
1. CALL TO ORDER 
Chair Maude called the meeting to order at 3:00 p.m. He acknowledged that the meeting was 
being held in traditional territory of the Coast Salish First Nations. 
 
2. APPROVAL OF AGENDA 
By general consent, the agenda was approved as presented. 
 
3. BUSINESS ITEMS 
3.1 Conversation with Habitat for Humanity (HH) 
 
 The HH model provides affordable home ownership, not rental housing 
 Research shows positive outcomes for families who participate in HH home 
ownership 
 To qualify, you must be: 
o  employed to pay the mortgage 
o  within a certain wage bracket  
o willing to partner with HH (500 hours of volunteer hours) 
 Participants take on an independent 3
rd
 party mortgage 
 Traditional mortgages do not cover the full cost, so HH provides a 2
nd
 mortgage that 
is interest free. Mortgage will not exceed 30% of the family income. 
 Monthly payments are income tested.  
 Must be registered on title for a buy back If the family wishes to re-sell 
 If the family sells the house they receive gains based on the principal on the 1
st
 
mortgage and a 2% of the appreciation of the value 
 Participants will be registered on title and can sell back to HH once the children have 
moved out. They will not be kicked out. 
A D O P T E D 

Mayne Local Trust Committee 
Special Business Meeting 
April 19, 2023 ADOPTED Page 2 of 2 
 In the Victoria CRD, the applicant must be living on the island for 2 years or more 
 In the Victoria CRD, the cost of the home cannot exceed $400,000 
 The application takes four months from start to finish 
 Works with families with $40,000- $120,000 yearly income 
 Some houses have been built with a secondary suite to rent out, but rental may 
have to meet certain HH requirements, such as affordability 
 Homeowner is able to choose who the suite is rented to 
 Owners are required to pay for the upkeep of the house 
 Grandparents and adult children may live with the family, but are subject to income 
testing 
 Larger donated properties can be re-zoned for subdivision 
 HH looks for properties with easily accessible schools, daycares, shopping, etc... 
 Increasing the supply of housing can help with the housing crisis to support those 
who do not fit the young family criteria 
 There are several options for completing the 500 volunteer hours (100 volunteer 
hours can be completed by friends a

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