FAQs

What Are Rent Banks?

A rent bank offers loans to tenant households with regular income who are in danger of being evicted due to a temporary financial emergency like job loss, a failed relationship, eviction or illness. The loans offer generous payback terms, usually up to 24 months, and are low- or no-cost.

What Are Rent Banks Used For?

Rent banks are one strategy for ensuring housing stability and preventing homelessness that aids tenants in keeping their homes when circumstances are hard. Rent Banks address housing stability holistically, providing financial aid and specialized support obstacles that are endangering their housing and moving into housing stability.