Montreal Will Support Interest-Free Rental Loans for Struggling Tenants
The expanded rent bank will support an additional 150 households with loans repayable over five years and added mediation and housing-stability services.
- With less than 48 hours before the July 1 moving day, Montreal is investing an additional $742,500 to expand its Rent Assistance Bank, helping 150 more households avoid losing their homes.
- The program offers interest-free loans of up to $5,000 to vulnerable tenants, with repayments spread across five years based on financial situations to address arrears from job loss or health crises.
- Margarita Gerville, who used the rental assistance bank, said "it was a relief to be able to keep my rent," while the Maison also provides psychosocial support and mediation with landlords.
- Montreal Mayor Soraya Martinez Ferrada called the initiative a crucial social net to prevent homelessness, acknowledging it is not the sole solution but a critical immediate intervention at two days' notice.
- Roughly 25,000 housing units sit vacant in Montreal, prompting Benoit Rullier of The Coalition, Housing Committees, and Tenants Associations of Quebec to argue cities should tax empty apartments as a first step.
12 Articles
12 Articles
The Toronto Star
Montreal announces it will support interest-free rental loans for struggling tenants
MONTREAL - Montreal Mayor Soraya Martinez Ferrada says her administration is setting aside some money to cover the cost of interest-free loans for tenants who are struggling to pay their
Montreal boosts rent assistance program ahead of July 1 moving day
With Quebec’s annual July 1 moving day approaching, the City of Montreal is investing an additional $742,500 to expand its rent assistance bank, with the goal of helping more tenants avoid losing their homes. The Martinez Ferrada administration says the funding will allow Maison du Père’s Rent Assistance Bank (BAL) to support an additional 150 households facing financial hardship due to […]
The City of Montreal announced on Monday that it was adding nearly $750,000 to the financing of the Rent Assistance Bank, a program of the Father's House that helps at-risk households lose their homes, which will help about 150 additional families.
Coverage Details
Bias Distribution
- 78% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
