The BC Government announced plans to launch a new Temporary Rental Supplement (TRS) of up to $500 a month for eligible tenants, paid directly to landlords.
According to BC Housing, the supplement is intended to help renters pay at least part of their rent and ensure landlords will continue to receive some rental income until the health emergency is lifted.
“We are putting in place measures that complement the federal crisis measures to support our most vulnerable populations and ensure they do not fall deeper into poverty as a result of COVID-19,” said Shane Simpson, Minister of Social Development and Poverty Reduction. “This is a stressful time for everyone, but for those struggling to put food on the table at the best of times, it is important that we ensure there are no additional barriers to get what they need to keep themselves and their families safe and healthy.”
About the BC-Temporary Rental Supplement (BC-TRS) Program
To support people and prevent the spread of COVID-19, the new rental supplement will be administered by BC Housing to assist eligible low- and moderate-income renters who are struggling to pay their rent as a result of income loss or income reduction due to COVID-19. Eligible tenants will have the benefit paid directly to their landlords, benefitting both the landlord and the tenant. At this time, this is a three-month program.
Who is eligible?
This supplement will be available later this month to renters who are facing financial hardship as a result of the COVID-19 crisis, but that do not qualify for existing rental assistance programs. According to the website, tenants whose rent is subsidized by any level of government are not eligible, including those receiving Income Assistance or Disability Assistance, which already includes a shelter allowance.
Full details on eligibility for the program and information about the application process will be available on BC Housing’s website in mid-April.