As Vancouver city council prepares to approve micro-loans for renters next week, advocates are gathering Friday in Langley to discuss the program’s success in other municipalities. Rent banks have already been established in Victoria, Prince George and Surrey and provide small emergency loans to low-income individuals in temporary financial … [Read more...]
Council expected to bank on loans for those who can’t pay rent
March 22, 2012 by
Low-income families at risk of losing their home will soon get a reprieve as the City of Vancouver is set to adopt a rent bank. Council is expected to approve a grant for $ 49,600 a year (for three years) for the administration of a Vancouver rent bank next week. Once up and running, the bank will be able to provide small emergency loans to help … [Read more...]
Rent bank coming to Vancouver
October 14, 2011 by
A rent bank is coming to Vancouver to help people temporarily short on cash to stay in their homes. The Streetohome Foundation and the City of Vancouver are working together to create a bank that will supply short-term interest-free loans to people who are faced with eviction or unexpected costs. The bank is based on a similar … [Read more...]
