The Department of Housing and Community Development (DHCD) has developed a $1.5 million program funded by federal Home Investment Partnerships (HOME) program. DHCD plans to employ HOME dollars to offer tenant-based rental assistance to low-income renters. The program allows tenants to remain current with monthly rent payments. It can be used retroactively to pay April and May rent.
The new fund is estimated to assist 400 households for a minimum of six months and up to two years based on financial need and available funds. Community-based non-profit organizations will work with renters to manage and disperse funds.
For move about this program, visit DHCD.