Rent Bank Launch

It was a great day today for the official launch of the New Westminster Rent Bank.

Members of City Council met at the Purpose Society with the organizers and financial backers of this program. The City’s role was to help with logistics and provide a modest grant to help with administration costs, but the real leaders of this initiative are the 6 community Credit Unions in New Westminster who agreed to provide funding for loans, and the two women here who made it happen:
20170706_153512Judy Darcy saw the need for temporary support to prevent homelessness for a number of working poor in our community, and Nadine Nakagawa did so much of the work required to identify partners, get a team together, and push this project forward. Without their energy, and their passion for making New Westminster a more inclusive, sustainable community, this initiative wouldn’t have seen the light of day.

This is not *the* solution to homelessness, but it is one measure that can make a huge difference in preventing homelessness at a very low cost to the City and the funding partners. Kudos to everyone inolved.

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