Financial Trusteeship

Money Matters

Overview

Money Matters - Financial Trusteeship

Overview: The Money Matters program supports adults (18+) with financial management, focusing on housing stability and homelessness prevention. Through harm reduction and financial literacy, participants build skills for independent banking and long-term financial security. The program is primarily for City of Toronto clients referred through Streets to Homes, with limited spots available for PARC members.

Program Focus:

Voluntary trustee banking support
Budgeting and money management assistance
Harm-reduction-based financial supports
Income management and planning
Eviction prevention
Ongoing financial coaching and follow-up

Trustees can:

Communicate with landlords regarding rent or arrears
Help create sustainable budgets
Ensure rent and essential bills are prioritized
Build confidence and skills for independent banking

Voluntary Trustee Banking Program

The Money Matters program is designed to help individuals who need assistance with financial management, with a specific focus on promoting housing stability. The program aims to prevent homelessness by enhancing clients’ financial literacy, providing harm reduction strategies, and ultimately guiding them toward independent banking.
Some spots are reserved for city clients who have gone through the referral process via Streets to Homes, while others are reserved for internal PARC clients.

Financial Literacy Training

The Money Matters staff provide financial literacy training for our members, with the goal of preventing homelessness through eviction prevention. All participants in the Money Matters program are eligible for this training.

Training Topics:

Understanding income and expenses
Learning to manage monthly bills
Developing budgeting skills
Preventing rent arrears and evictions

How It Works: Participants work with a trustee who provides guidance while respecting autonomy.

Who It Helps: Individuals (18+) at risk of losing housing due to financial challenges, homelessness or housing instability and people who want to improve financial literacy and
stability

Catchment Area: Services are available to people living in the area bordered by Bloor Street, Yonge Street, and the Lakeshore and Parkside Drive.

City of Toronto Service Specific Supports – focused on housing stabilization for individuals already living in units, particularly those struggling with rent arrears or at risk of eviction. Referrals come through the City of Toronto.
Contact: Paula Douglass, pdouglass@parc.on.ca, 416-537-2262 ext. 285

HART Hub Trusteeship – focused on harm reduction for people who are homeless, helping Stabilize income and build financial skills to support future housing. Eligible for self-referral or community referral
Contact: Katherine Ferreira, kferreira@parc.on.ca, 416-537-2262 ext. 245

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What we accomplished last year

Meals Served

Interactions in the Drop-In

Individuals received Mental Health supports

Individuals served in the Drop-In

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Units of Housing

Individuals Supported with Financial Trusteeship

Individuals Housed

Individuals found Employment

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PARC is a social service charitable organization that relies on community support to provide meals, housing, and member-driven programs for people facing mental health and substance use challenges, houselessness, poverty, and food insecurity.