The Toronto Rent Bank
Neighbourhood Information Post is a not-for-profit organization located in the Toronto Public Library on Parliament and Gerrard in the Regent Park area. The Neighbourhood Information Post (NIP) serves low-income individuals and households living in the Downtown East Toronto. One of the services that NIP delivers in partnership with the City of Toronto is the Rent Bank. The Rent Bank provides zero-interest loans for people in need of assistance in paying for rent, including those facing evictions, and new renters needing first and last months’ rent. Neighbourhood Information Post provides an array of different services, but the Rent Bank is one of their most widely accessible yet underutilized programs. Despite their grassroots word-of-mouth advertisement, the Rent Bank is rarely mentioned in conversations surrounding Housing Assistance programs in Toronto. In recent months due to the global pandemic, there has been a rise in applicants to the Rent Bank, as many people have su