Following a successful three-year pilot project to assist low-income renters in crisis, Mayor Gregor Robertson is highlighting the success of the Vancouver Rent Bank. Council will vote next week on a grant of $99,200 to contribute to the program’s operations for two more years.
“In a city where 52% of households rent their homes, far too many families know what it’s like to face an unexpected crisis and stay afloat in paying the rent,” said Mayor Gregor Robertson. “The Vancouver Rent Bank has proven itself as a remarkably successful tool to help low-income renters keep their homes in times of incredible difficulty. It’s a program that prevents homelessness and provides housing stability for families in need, and I look forward to supporting it again next week at City Council.”
The Vancouver Rent Bank is a multi-partner initiative jointly funded by the City of Vancouver and a variety of community partners. In 2012, City Council approved a grant of $148,800 over three years to support its operating costs.