Coming Soon – Seniors Rent Bank

Chimo Community Services is excited for its new initiative. With the generous donation of $5,000 from the Dream Auction, Chimo Community Services Society will be creating the Seniors Rent Bank, a first of its kind in Richmond. We hope to launch the Seniors Rent Bank next month, in May 2016.

Chimo Community Services Society has long provided a variety services to individuals and families in the Richmond Community, many of whom are seniors. Our Outreach & Advocacy and Homeless Prevention Programs often work with seniors with housing needs, some of whom may be homeless or at imminent risk of homelessness.

The Seniors Rent Bank will provide short term funding to seniors that live in the City of Richmond, to enable them to secure or maintain their housing. The funding may go towards unpaid rent or utilities to prevent eviction, or may go towards a security deposit or pet deposit to enable a senior to secure housing. The short term funding would be provided in the form of an interest-free loan from our organization, giving seniors who may not have access to existing Provincial supplements, the opportunity for a home. Funding would be used exclusively for housing-related costs, and specific eligibility criteria and requirement for supporting documentation, will apply.

We sincerely hope that our new initiative will fill a need in our community for a rent bank, to prevent seniors who have nowhere else to go from becoming homeless; as well, to create opportunity for future programs and funding.

Please sign up for our e-mail list, so that you can be informed of the Seniors Rent Bank launch, and any news or upcoming projects from Richmond Rental Connect.

Richmond News Article: Exposing the Hidden Face of Poverty in Richmond

CBC Interview (forward through to 51:20): February 15, 2016 The Early Edition