Lakehead University has announced a new partnership that is expanding affordable housing options for students.
SpacesShared is a platform that connects students in need of safe and affordable housing with older adults and individuals in the community who have a spare room to rent.
Using an algorithm, the service matches students and landlords based on preference, location, and personality.
“We are committed to ensuring that students have access to reliable, appropriate and affordable housing solutions here in Thunder Bay,” said Director of Residence Services at Lakehead University, Shannon Foster. “Offering home sharing as a housing option for students removes the worry and stress associated with finding a place to live and ensures that our students can focus on their education and the excitement of their time at university.”
The platform focuses on intergenerational relationships, offering an opportunity for seniors to have someone join them in their homes while generating additional income.
Hosts can also offer a Helpers Discount, which means students can help with a set list of SpacesShared-approved chores around the house and, in exchange for each hour of weekly assistance, their monthly rent is reduced by five per cent.
Safety is also a priority for SpacesShared, and both students and hosts must verify their identity, undergo background checks, and follow strict guidelines to ensure a safe living environment.
The agreement has just been signed and the University is working on ironing out plans for a rollout, with plans to release more information in the near future.
The university has been working on housing accommodations with this new partnership and the previous announcement of 47 new on-campus residence rooms and 65 new beds coming to Thunder Bay along with the reintroduction of a double occupancy option at a lower price point with the added social benefit of having a built-in roommate.