Indianapolis will receive $ 91 million in federal funding for rental assistance to Marion County landlords, to strengthen its ongoing rental assistance program it has so far helped over 23,000 families since the start of the pandemic.
The federal funding, which is administered by the state, will allow the city to provide nine additional months of rental assistance in addition to the current limit of three months per year. Household.
Byens IndyRent the program is available to households at or below 80% of the area’s median income who have experienced a decline in income and are at risk of housing stability. Residents can apply at IndyRent.org.
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Previously approved applicants may now be eligible for up to 12 months of assistance from 1 April 2020 or later. These applicants will be notified when indyrent.org the site is ready for them to visit again and ask for further help. Previously approved applicants may be asked to recertify their eligibility for income, check their current address, housing stability and other information.
New applicants may also be eligible to request a full 12 months assistance back to April 1, 2020 and beyond. Tenants requesting payment for future rental amounts must still approve their application every three months and may not be automatically eligible for all 12 months.
The money is part of $ 371 million that the state received from the federal government in December, allowing the Indiana Housing and Community Development Authority to distribute assistance as needed throughout the state.
Cities like Indianapolis with a population of over 200,000 were allowed to establish their own rental program – one of the largest initiatives that Indianapolis launched with federal funding for coronavirus.
While the city received fairly $ 32 million in additional rent assistance Under the latest U.S. bailout plan adopted this year, it has committed all of the nearly $ 29 million it received from the federal government in December. In total, Indianapolis has distributed over $ 53 million to landlords to reduce the number of tenants who fall behind in rent.
“We are proud to work with the Indiana Housing and Community Development Authority to reduce housing insecurity and extend a lifeline for residents who still feel the economic impact of the pandemic,” Mayor Joe Hogsett said in a statement Wednesday. “This funding nearly doubles our rental assistance resources, keeps tenants in their units, and keeps landlords afloat.”
The city council will formally vote to allocate the funds in September.
The state-run rental program has so far committed over $ 64 million, and the Indiana Emergency Rental Assistance program is still open to new applications.
“(Indiana Housing and Community Development Authority) remains committed to allocating funds from the federal government to Hoosiers in distress,” IHCDA Executive Director Jacob Sipe said in a statement. “Housing stability remains one of our top priorities, and we are excited to help the city of Indianapolis provide an additional nine months of rental assistance to the Hoosiers, who are recovering from the pandemic.”
Other residents across the country can receive assistance through the state program, which provides eligible tenants up to 12 months of financial support. They may also receive assistive technology or home help, including assistance to overdue utilities and energy costs in the home. Applicants can go to IndianaHousingNow.org to apply for assistance.
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