Nanaimo uses revenues from short-term accommodation taxes to fund the bank. Staff from the John Howard Society review loan applications from residents nearing eviction who may not qualify for traditional loans. The application process includes a review of household needs for potential referrals to social service agencies. This pilot seeks reductions in evictions caused by temporary layoffs and health issues.
First Ever Rent Bank Launches in Nanaimo Region | City of Nanaimo
On January 18th, Nanaimo's first ever rent bank was launched. A rent bank is a short-term or temporary homelessness prevention tool that helps to provide housing stability for low- to moderate-income renters who are unable to pay rent or utilities due to episodes or emergencies that compromise their ability to pay. The rent is supported by the City of Nanaimo and BC Rent Bank and operated by the Nanaimo Region John Howard Society. Establishing a rent bank is one of the goals of the City's Affordable Housing Strategy. In order to achieve this goal, the City worked with BC Rent Bank to establish a local rent bank in the Nanaimo area.
Rent bank to open in Nanaimo helping the most vulnerable stay housed | NanaimoNewsNOW | Nanaimo news, sports, weather, real estate, classifieds and more
NANAIMO - A rent bank is opening to assist mid-Island renters on the brink of becoming homeless. It's slated t...
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