Families in need get help with rent
McGuinty Government Announces Funding For Rent Banks
Office of the Premier
Low-income Ontarians who occasionally need help to pay rent will get more support. The Ontario government is investing $5 million in rent banks to help more families stay in their homes.
Missing the occasional rent payment is the most common way low-income families are forced into shelters. Since launching the Rent Bank program in 2004, the government has helped save over 13,200 families from eviction.
Ontario renters who face possible eviction can apply to their local rent bank for support. If a tenant's application is approved, the outstanding rent is paid directly to the landlord on behalf of the tenant.
Renters can apply for financial assistance from a rent bank no more than once in two years, and get up to two months help with rent.
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.
- In 2007, the average rent for an apartment in Ontario was $870 per month.
- It costs between $60 and $80 for one person to spend the night in an emergency shelter.
- 29 per cent of Ontarians rent their homes. 71 per cent are home owners.
It’s in no one’s interest to put families on the street. The rent bank helps Ontarians stay in their homes, which strengthens the well-being of families and the communities they live in.”
Short-term arrears are the most common reason tenants with lower incomes lose their homes and are forced into shelters. Our rent bank program has proven to be a great success in helping tenants to remain their homes.”