The Vancouver Rent Bank (VRB) aims to increase housing stability by preventing evictions or the loss of essential utilities.
- One-time interest-free loans to low-income people in temporary financial crisis
- Advocacy and referral services
What can the Vancouver Rent Bank do for you?
VRB can offer a short term funding source that is available to families and individuals that live in the City of Vancouver, at risk of eviction or essential utility disconnection due to a temporary shortage funds. As well we can provide a security deposit if current housing is deemed unsafe or unsustainable. Furthermore we provide low income individuals with the tools to better manage their limited financial resources.
What can the loans be used for?
- Rental arrears/past due rent
- Utility Arrears
- Security Deposits and/or First month’s rent
What are the Vancouver Rent Bank requirements for applicants?
- Currently a resident or will be a resident of the City of Vancouver
- Are low-income (see chart below)
- Are nineteen years of age or older
- Have a bank account
- Have (will have) a concrete, consistent source of income
- Have two pieces of ID
- Can provide proof of tenancy
- Not be in the process of bankruptcy
- Have no un-discharged bankruptcies
- Have a sincere reason for any delinquency in payments
- Are not able to access any other form of government financial assistance
- Have rental costs that do not exceed an ongoing ability to pay rent
- Be experiencing temporary financial crisis
Find out more about the Vancouver Rent Bank and how to apply on their website.