The Merthyr Bond Board prevents homelessness by assisting people on a low income to find privately rented accommodation. The service issues bond certificates which cover the cost of a deposit on a rented flat or house. The tenant is then expected to save to pay back the bond over a two-year period.
The decline in social housing and rising house prices have caused an increase in the uptake of accommodation in the private rented sector. Upfront payments – including agency fees, bond monies and rent in advance – make PRS accommodation prohibitive to many people on low incomes.
In addition to providing financial support, the Bond Board supports tenants in the move and resettlement process and promotes positive relationships with local landlords.
For more information about the project, or to request referral information, please contact us:
Merthyr Bond Board