Home Equity Assistance

100% Home Equity Assistance in CFIRP

CFIRP Decision 2012-097

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2012-097

Notwithstanding, the Board stated it did not endorse the current provisions of the CF IRP in respect of HEA and acknowledged the inadequacy of the current scheme. The Board noted that the grievor suffered a very large financial loss in spite of a policy designed to protect against the detrimental effects of the housing market and the Board pointed out that it has seen a series of these cases over the last number of months, sometimes involving greater sums than is the case here.

The Board noted that the CF IRP 2013 Policy Manual is currently undergoing review and re-write in consultation with TBS; the Board expressed the hope that a far more sensible and generous policy will be developed so that members are not in financial distress as a result of being relocated for service reasons.

CDS: “The CDS reiterated his endorsement to the Board’s systemic recommendation in previous cases that the HEA provisions be reviewed.”

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Written by Major Marcus Brauer

February 22, 2015 at 15:08

Posted in Uncategorized

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