Where is New Brunswick's promised rent bank?

The province promised to spend $3 million over the next two years to help up to 750 households annually, including both families and individuals, avoid eviction or obtain new rental accommodations, a benefit designed for low-to-mid income earners.

The province promised to spend $3 million over the next two years to help up to 750 households annually, including both families and individuals, avoid eviction or obtain new rental accommodations, a benefit designed for low-to-mid income earners.

The program was announced without a timeline, eligibility criteria or repayment terms. As recently as July 31, the province couldn't confirm when the rent bank will be available.

"The province and its partners continue to work together to finalize the details on the Rent Bank. Government understands the importance of this initiative and will take the time necessary to complete the work," a spokesperson for the Department of Social Development wrote in an email to CBC News.

The only additional detail the province could confirm is that the loans will be interest-free. The department did not respond to a request for an interview with Social Development Minister Jill Green.