If you are a senior or you know of someone who is renting and facing financial issues there is a new service that I want to introduce you to the Tri-Cities SHARE Rent Bank program! The Rent Bank is offered by SHARE Family Services and makes loans available to Tri-Cities residents who have short term financial issues that are putting their tenancy in jeopardy. The Rent Bank program works to provide interest-free loans to market renters, to help them maintain their tenancy through help with their rent payment, or a hydro/natural gas payment or security deposit. Loans are to be repaid over 18-24 months. If you would like more information on this Rent Bank program, please visit https://sharesociety.ca/tri-cities-share-rent-bank!
Contact Information:
How to get more information: Phone: 604.529-5146
Location: #104 – 3020 Lincoln Avenue, Coquitlam
Office hours: Monday, Wednesday, Thursday and by appointment
Email: esther.uwimana@sharesociety.ca
Eligibility Requirements:
- 19 years of age or older
- A resident of or moving to the Tri-Cities (If seeking damage deposit)
- Willing to provide two pieces of government-issued ID (One with a photo)
- Cannot have any outstanding Rent Loans with us or other organizations
- Be a legal Canadian resident: Citizen, Permanent resident, Landed Immigrant, or Convention Refugee with a minimum of two years in Canada
- Have a personal bank account (In Canada)
- Have a temporary financial crisis Provide reason of inability to pay rent or/and utilities
- Have a regular and verifiable source of income sufficient to cover rent/utility and other expenses
- You are not residing in social housing. These include and are not limited to BC Housing, Transition Housing. If yes, only security deposit and utility loan can be discussed
- Have no undischarged bankruptcy
- Willing to provide proof of source of income, proof of tenancy, and 3 months of up to date bank records/statements
- Can demonstrate that the loan will stabilize your situation long-term (at least 90+ days)
- Do not have access to another source of financial assistance during the application period (SAFER, Rental Assistance, etc.)