(FIle photo)

(FIle photo)

Rent Bank could soon be coming to the Central Okanagan

Bank would aim to help low-income families maintain their housing in the region

The Regional District of Central Okanagan (RDCO) is looking to help establish a Rent Bank in the Central Okanagan.

RDCO community services director Todd Cashin said a rent bank could help some families to maintain their housing in the region.

“Rent banks are a homelessness prevention tool that is focused on providing housing stability for low- to moderate-income renters,” said Cashin in an open letter to the RDCO governance and services committee.

“Rent banks provide financial assistance in the form of repayable loans to households at risk of eviction for reasons such as non-payment of rent or utilities.”

Cashin said rent banks could also benefit Central Okanagan resident who need money to cover a damage deposit when they move.

READ MORE: An ongoing struggle with poverty

In 2019, the B.C. Rental Housing Task Force granted $10 million to the Vancity Community Foundation to help establish a province-wide rent bank system called B.C Rent Bank. Now, Vancouver Rent Bank the New Westminister Rent Bank are some of the first rent banks operating in the province.

Cashin said the majority of Central Okanagan residents supported a Rent Bank in a recent survey conducted by the RDCO, the City of Kelowna and the Central Okanagan Economic Development Commission.

“(In the survey) 96 per cent of respondents either agreed or strongly agreed that Central Okanagan residents would benefit from a rent bank,” said Cashin.”

“Ninty-three per cent of respondents either agreed or strongly agreed that a rent bank should be established in the Central Okanagan.”

On March 3, 2020, all three parties also hosted a BC Rent Bank information session at the Coast Capri Hotel. During the session, eight organizations came forward and expressed their potential interest to operate a Central Okanagan Rent Bank.

To learn more about operating a rent bank in the Central Okanagan, you can visit B.C. Rent Bank’s website.


@connortrembley
connor.trembley@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Although B.C. has not made masks mandatory in public indoor spaces, some business owners are requiring all customers to wear them before entering their store. (Ashley Wadhwani/Black Press Media)
EDITORIAL: Heightened tension over face masks

Incidents of anger and conflicts over mandated masks happening too frequently

A health worker holds a vial of AstraZeneca vaccine to be administered to members of the police at a COVID-19 vaccination center in Mainz, Germany, Thursday, Feb. 25, 2021. (Andreas Arnold/dpa via AP)
43 new COVID-19 cases in Interior Health

368 cases in the region remain active

A real estate sign is pictured in Vancouver, Tuesday, June, 12, 2018. (THE CANADIAN PRESS/Jonathan Hayward)
Okanagan-Shuswap real estate market continues hot start to 2021

Sales in February were up more than 100 per cent over last year, reports the Association of Interior Realtors

The restart of the program means seniors can receive affordable meals delivered five days a week. Photo by Scott Suchman for The Washington Post.
Princeton Meals on Wheels one year trial will cost $92k

Program restarts, and volunteer drivers are needed

The images are of Bald Eagles feeding.
Birds of prey

Princeton photographer captures compelling photos of a Bald Eagle breakfast

Health Minister Adrian Dix looks on as Dr. Bonnie Henry pauses for a moment as she gives her daily media briefing regarding COVID-19 for British Columbia in Victoria, B.C. THE CANADIAN PRESS/Jonathan Hayward
7 additional deaths and 542 new COVID-19 cases in B.C.

Provincial health officials reported 18 new COVID-19 cases linked to variants of concern

Anti-pipeline protests continue in Greater Vancouver, with the latest happening Thursday, March 4 at a Trans Mountain construction site in Burnaby. (Facebook/Laurel Dykstra)
A dozen faith-based protestors blockade Burnaby Trans Mountain site in prayer

The group arrived early Thursday, planning to ‘block any further work’

Mid day at the Vancouver Port Intersection blockade on March 3, organized by the Braided Warriors. (Zoë Ducklow photo)
Anti-pipeline blockade at Vancouver intersection broken up by police

Demonstraters were demanding the release of a fellow anti-TMX protester

The man currently being sought by Oliver RCMP in connection to an assault and robbery at the BC Cannabis Store in Oliver. If you know the identity of the man, the RCMP would like to know. (RCMP)
South Okanagan police looking for man accused in robbery and assault at pot shop

The man allegedly assaulted an employee at the BC Cannabis Store

(Government of B.C.)
Protesters stood outside the Vernon Courts Thursday, March 4, 2021, as a Curtis Wayne Sagmoen matter came before the courts once again. (Brendan Shykora - Vernon Morning Star)
UPDATE: Sagmoen to make plea in two weeks for cop assault charge

The offence allegedly took place on Oct. 29 in Spallumcheen

School bus fees are being charged to all riders in the Vernon School District. (Courtesy photo)
Parents pressure Vernon school board to curb bus fee hike

More than 1,200 signatures on petition against $200 rider fees, to be discussed at board meeting

(Aman Parhar/Omineca Express)
COVID-19 exposures confirmed at two Kelowna schools

Pearson Road Elementary, Rutland Senior Secondary confirm one case of the virus at each school

The Brooke Drive interchange is part of the Chase Four-Laning Project currently being worked on by the Ministry of Transportation and Infrastructure. (B.C. Ministry of Transportation and Infrastructure image)
Second phase of Highway 1 four-laning in Chase expected to be tendered soon

Work already underway for Chase West phase of project

Most Read