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Los Angeles Times
Los Angeles Times
National
Doug Smith

No-interest micro loans: Philanthropist's new tool in preventing homelessness

LOS ANGELES — The apartment in Inglewood was never such a great deal. So when Courtney Bailey got served a three-day notice, she had already lined up a better place with more space for her kids and a lower rent.

But she was scared. She had no cash for the move-in fees — and was worried she was headed for another bout of homelessness.

Then the new landlord found a solution. She could get an interest-free loan to cover the fees and pay it back when she could, or not at all if she couldn't.

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