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Stepping In
RENT BANK FUNDING BOOSTED IN WATERLOO REGION
Ontario Government Helps Low-Income Tenants
Ontario is helping more low-income renters in Waterloo Region stay in their homes by
allocating $108, 565 to the local rent bank.
The Rent Bank Program enables a tenant who is facing eviction for non-payment of rent to
apply to the local rent bank to receive financial assistance.
If a tenant’s application is approved, the outstanding rent is paid directly to the landlord on
behalf of the tenant.
Tenants can apply for financial assistance from a rent bank no more than once in two years,
and receive maximum assistance for two months’ rental arrears.
The McGuinty government will be developing a long-term strategy for affordable housing as
part of its poverty reduction strategy. The strategy will build on the broad range of programs
and services that are already helping more Ontarians work, build and contribute to a stronger
economy.
QUOTES
“This new funding ensures the rent bank in Waterloo Region will continue to help low-income
tenants avoid eviction due to a missed rent payment,” said John Milloy, MPP Kitchener
Centre.
“Short-term arrears is the most common reason tenants with lower incomes lose their homes
and are forced into shelters,” said Minister of Municipal Affairs and Housing Jim Watson. “Our
rent bank program has proven to be a great success in helping tenants to remain their
homes.”
QUICK FACTS
To date, the Rent Bank Program has prevented more than 13,200 low-income households
from being evicted due to a missed rent payment.
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