Rent Bank

Program to Offer Micro Loans to Vulnerable Renters

The City of Vancouver is set to help fund a rent bank, a program designed to offer micro loans to low-income renters who are in danger of facing eviction. The rent bank is expected to provide about 540 loans a year to singles, couples, and families who are in financial crisis—it’s hoped that the assistance will make a crucial difference in bringing stability to people who are on the brink of having to leave their homes. The program will also provide financial literacy courses and other support services.

March 23, 2012 | No Comments (yet!)

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