City of Victoria AgendaPacket Community Safety and Wellbeing Plan Funding Recipients 2026-06-11
Victoria Funds Rent Bank for Eviction Prevention 2025-2026
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Description
The City of Victoria approved $210,000 in funding to Greater Victoria Rent Bank (GVRB) for 2025-2026 to provide interest-free loans, grants, and operational support for residents experiencing temporary financial hardship. The investment aims to prevent evictions, maintain housing stability, and support vulnerable residents facing unexpected crises.
Contract Details
Contract Amount
$210,000 ($110,000 loan capital, $40,000 loan capital, $25,000 grants, $35,000 support hours)
Vendor
GREATER VICTORIA RENT BANK
Agency
City of Victoria, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Contract Term
April 1, 2025 – March 31, 2026
Renewal Date
2026-03-31
Renewal Info
Annual funding structure with grant and operational support components. Next renewal subject to council approval for FY 2026-2027.
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