Housing Stability Funds offer financial assistance to individuals facing challenges meeting their shelter costs – challenges which may result in being unable to access or losing existing housing. A Housing Stability Fund can assist those who are transitioning out of an experience of homelessness and into independent housing, or can assist those who are housed, but precariously housed, where one small financial challenge can run the risk of them losing their housing due to rental arrears.
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The Housing Stability Bank urges the importance of ensuring that the loan repayment terms are reasonable for the individual so that they are able to sustain repayments rather than having loan repayment reproduce financial challenge.
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