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BC Rent Bank sees daily applications triple in first day after province-wide roll out

Microloan program available in all areas of province
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BC Rent Bank helps people stay out of homelessness. Black Press stock photo.

On Tuesday B.C. became the first province in Canada to have rent bank services available to all residents, and the BC Rent Bank has already seen three times their daily average of new applications.

The province extended the service through a partnership with BC Rent Bank and the Kamloops and District Elizabeth Fry Society.

B次元官网网址淭oday, renters in every corner of B.C. have access to rent bank loans and services. This is a major milestone for our project to achieve, considering that two years ago there were seven rent bank locations primarily in the Metro Vancouver area,B次元官网网址 said Melissa Giles, project manager for the BC Rent Bank.

Giles explained that the microloan program helps people make their monthly rent payments or payments in arrears to landlords or utilities to prevent evictions.

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B次元官网网址淭he perceptions of programs like ours are really interesting, but at the end of the day, there are people who are working and they face a temporary crisis or a bump in the road,B次元官网网址 she said. B次元官网网址淚n a lot of cases theyB次元官网网址檙e able to navigate it and make it though, but sometimes itB次元官网网址檚 just a little bit too much.B次元官网网址

However, a lack of capacity for a local group to host the service meant that they had to find an interim solution.

B次元官网网址淥ur ideal vision is that we have local partners that can respond. They know the local market rental rates, they have referrals to their local agencies and those sorts of things,B次元官网网址 Giles said. B次元官网网址淲e didnB次元官网网址檛 want to have renters continue to wait for services and not be able to receive assistance based on the fact that we couldnB次元官网网址檛 find a community partner to lead the program.B次元官网网址

If the program was just about microloans, Giles said they would have centralized and done everything from Vancouver a long time ago. Part of what rent banks do though is help make sure clients are able to get back on their feet after difficulties.

B次元官网网址淩ent banks do so much more for people. They look at ensuring B次元官网网址榟ey this person needs whatever other forms of assistance there areB次元官网网址 and theyB次元官网网址檙e connecting people to local resources that will help stabilize things,B次元官网网址 Giles said. B次元官网网址淲e miss that when we have to go through this province-wide option, but I think itB次元官网网址檚 the best thing right now to make sure that rentersB次元官网网址 needs are met while we continue to work on that long-term goal.B次元官网网址

Giles will be connecting the Kamloops and District Elizabeth Fry Society, BC Rent BankB次元官网网址檚 partner organization, with local groups like CRDCEH to build a database of local supports for their case managers.

The 15 regions that now have access to rent bank services are Alberni-Clayoquot, Bulkley-Nechako, Cariboo, Central Coast, Comox, Cowichan Valley, Fraser-Fort George, Kitimat-Stikine, Mount Waddington, Northern Rockies, South Okanagan, Peace River, Qathet, North Coast, Squamish-Lillooet and Strathcona.

Those interested in applying for a loan from the BC Rent Bank can do so at bcrentbank.ca and clicking on the B次元官网网址榓pplyB次元官网网址 button.

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marc.kitteringham@campbellrivermirror.com

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Marc Kitteringham

About the Author: Marc Kitteringham

I joined Black press in early 2020, writing about the environment, housing, local government and more.
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