The Toronto Rent Bank, a partnership between the City of Toronto and Neighbourhood Information Post, provides grants to eligible Toronto residents who are behind on their rent or need help with a rental deposit. By providing these grants, the Toronto Rent Bank ensures that people at risk have the support they need to stay in their homes and prevent homelessness.
To be more responsive to the needs of low-income individuals and families during the COVID-19 pandemic, the Toronto Rent Bank has modified its annual household income eligibility criteria. Residents may be eligible for a rental arrears grant or rental deposit assistance if they:
*Residents in receipt of social assistance should contact their Ontario Works (OW) or Ontario Disability Support Program (ODSP) office as they may qualify for the Housing Stabilization Fund.
The City has made significant program changes to the Toronto Rent Bank to respond to the needs of low-income households during the COVID-19 pandemic.
These program changes were described in a report to Economic and Community Development Committee in March 2021 and include the following:
The changes to the Rent Bank program supported an additional 750 households access loans and grants to stay in their homes, for a total of 1,062 householders served in 2020.
Toronto Rent Bank grants for rental arrears are up to $4,000 or three months rent or whichever is the lower amount.
For rental deposits, grants are based on unit size as follows: