Stimulus Update: $15 Billion Available for Emergency Rental Assistance – Here’s How to Apply

0

Federal funds designated for emergency rental assistance have been rapidly disbursed in recent months, with approximately $30 billion of the $46.6 billion program distributed in February alone. This leaves approximately $15 billion available.

 

RENTAL ASSISTANCE & STIMULUS

 

If you wish to apply for the assistance — which was included in the December 2020 and March 2021 stimulus packages passed by Congress — you may want to act quickly. The US Treasury Department announced last month that the funds will likely run out by mid-2022.

The funds are available to financially strapped renters who are behind on their rent and face eviction. To qualify, at least one member of your household must be unemployed or certify in writing that they have lost income or incurred significant expenses as a result of the COVID-19 pandemic, CNBC reported. Additionally, you must establish that you are at risk of becoming homeless, which may include a past-due rent or utility notice.

In most cases, your income cannot exceed 80 percent of the area’s median income. Certain states, however, have been directed to prioritize applicants with a 50% or lower unemployment rate, as well as those who have been out of work for 90 days or longer.

Although the federal government administers the emergency rental assistance program, funds are distributed at the state and local level.

To apply, visit the National Low Income Housing Coalition’s website, which includes a state-by-state listing of the hundreds of organizations that distribute the funds to qualified applicants. You will be provided with links that will guide you through the application process in your region. Another option is to apply for assistance using the Consumer Financial Protection Bureau’s online tool.

Typically, those who qualify receive between 12 and 18 months of rental assistance, which includes a combination of back and future housing payments. If you have previously received rental assistance but have fallen behind on your rent, you may reapply as long as you request coverage for a different time period.

ALSO READ:-

Time to Save Americans in Two States Can Still Get a $1,400 Stimulus Check — Apply Now!

This Is a Reminder of the Stimulus Check’s Deadline!

Without the Financial Security of Stimulus Checks, Americans Cannot Afford an Emergency.

Typically, the money goes to your landlord. If your landlord refuses, contact the agency through which you applied to see if the funds can be sent directly to you.

Leave A Reply

Your email address will not be published.