Community Profile : Rent bank helps people stay housed
A rent bank is opening in Nanaimo to help people with short-term rent arrears and utility payments. The rent bank provides loans which are paid back over a long period of time. This program helps people become financially stable so they don’t end up in a precarious housing or a homeless situation.
Opening in January, the rent bank is funded by the City of Nanaimo, Rent Bank BC, United Way Central & Northern Vancouver Island and the Government of Canada’s Reaching Home: Canada’s Homelessness Strategy. The program will be operated by the Nanaimo Region John Howard Society.
“We have lots of experience working with landlords through our housing programs, so it’s a good fit for us,” explains John McCormick, Co-Executive Director Nanaimo Region John Howard Society. “We can also work with applicants in other ways to stabilize their lives, if they need it. We can help people find employment. We can help people with food security.”
The rent bank is open to all. Anyone who is having trouble paying their rent can apply.
“If you’re struggling to make ends meet, you should call us. If it isn’t something that fits rent bank, we’re going to try and help in other ways,” says McCormick.
Application details will be published when the program opens in January.
The Nanaimo Region John Howard Society is an active member of Nanaimo Homeless Coalition. Together we’re working to develop and drive solutions to end homelessness.