B.C. rent banks increase housing stability, prevent homelessness: survey - Terrace Standard

A new survey has found that assistance provided by the BC Rent Bank has helped improve housing stability.

BC Rent Bank surveyed every household in B.C. that received financial assistance from a rent bank between April 1 and June 30, 2021, and asked about their housing situation six months after receiving assistance. “I can’t say enough about how profoundly this program helped me by not having to worry about all the volatility that I was going through with the pandemic,” said a rent bank survey respondent. “It gave me breathing room. I didn’t have to give up my car, so I ended up being able to get more jobs and have a means of getting there. Six months later, I am stable again. I was just a moment when I needed help, a moment that could very well have made me and my family homeless.

Source: Real Estate Daily Report (realestatedailyreport.net)

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