TORONTO RENT BANK PROGRAM
The Toronto Rent Bank Program provides interest-free repayable loans to low-income households facing eviction due to short-term financial difficulties. It is a successful collaboration between Neighbourhood Information Post (NIP) and our partner agencies: Albion Neighbourhood Services, COSTI North York Housing Help, East York Housing Help, The Housing Help Centre, The Neighbourhood Organization, Unison Health and Community Services.
NIP acts as the Central Administrative agency as well as a local service access centre in this city-wide homelessness prevention program. NIP is responsible for processing all Rent Bank loans and repayments in Toronto, as well as providing local residents in the Downtown area with Rent Bank intake functions and a variety of housing-related services.
You may be eligible if:
you are living in Toronto with legal status in Canada
you have steady and ongoing source of income (within low-income guidelines)
you currently receive income through social assistance (OW / ODSP) or OSAP plus additional income; special rules apply* (*Please contact your local office for more information)
your rental unit is covered by provincial tenant legislation (RTA) and you are paying market rent
you can provide documentation required by the Rent Bank application process and satisfy all other program requirements