Waterloo region has issued a plea to local landlords to take part in a rent supplement program to help solve the shortage of affordable rental properties in the area.
“We are looking for strong community-minded landlords who recognize that it takes a community to make homes affordable for all,” Jennifer Murdoch-Martin, Manager of Housing Programs and Development, said in a statement. “The more we partner together to help individuals and families find and keep homes, the healthier and stronger our community will be.”
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The region says there are currently 4,000 individuals or families who are seeking affordable housing in Waterloo.
It offers a program which will cover the difference between the price of rent and what a potential tenant can afford.
The region is seeking rental units that range from $832 for a bachelor apartment and $1,036 for a one-bedroom apartment, to $1,459 for a unit that has three or more bedrooms.