Rental Assistance Up To $45 Billion Could be available soon
As the pandemic has continued its impact, millions of renters have felt the impact and need help with rent during Covid. While the stimulus package in December included funds to help with rent, more is coming. The American Rescue Plan includes additional funds. The package in December included $25 billion for each state, and the new American Rescue Plan includes an additional $20 billion for each state.
While having this money available is helpful, there is always the issue of applying and getting access to it. It is tricky because each state has its own process, and some states are still trying to figure out how to distribute the funds from December. It is a good idea to check with your local housing authority for program information. Click here to see what programs are available near you.
ELIGIBILITY FOR HELP WITH RENT
If you are having a problem, the first step is to determine if you are eligible for help with rent during Covid. Currently, the following criteria need to be met to qualify.
- One member of a household needs to be eligible for unemployment benefits. If not, they can state in writing the that they have lost income or have higher expenses due to Covid.
- Demonstrate a risk of homelessness. This could be a past due notice for rent or utilities.
- Income level is less than 80% of the median income in your area.
A common question is how much money will a renter receive who qualifies for the rental assistance program. Generally, there is not a limit on the amount of money a renter can receive but how many months they can receive assistance. Some program may be 12 months, others longer. The American Rescue Plan is targeting 18 months. With the eviction moratorium ending March 31, check your eligibility and apply as soon as possible. Click here for additional resources if you need help with rent during Covid.