Rent bank
A rent bank is a predominantly Canadian service that provides interest-free loans to low-income households who have regular income but face eviction as a result of a short-term financial crisis.[1] Rent banks are a homelessness prevention strategy.[2] Loan repayment rate is roughly 67%, with loans usually a little under $1000.[1][3]
References
- ^ a b Courtney Dickson (22 February 2019). "B.C. budget promises $10M for province-wide rent bank". CBC. Retrieved 23 July 2019.
- ^ Jerry Buckland, Chris Robinson, Brenda Spotton Visano (March 2018). "Payday Lending in Canada in a Global Context: A Mature Industry with Chronic Challenges". Springer. p. 165. Retrieved 23 July 2019.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Toronto rent bank". Nipost.
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