WHAT IS FUND?
The FUND program offers one-time rental assistance to households experiencing temporary financial hardship that threatens their housing stability. Participants work with a financial coach to create a budget and develop a repayment plan for past-due rent. Upon successful completion of the plan, FUND provides matching dollars to eliminate the remaining balance.
Whether it be from a job loss or an unexpected expense, we recognize that financial instability can be incredibly stressful and overwhelming. When you’re living paycheck to paycheck, planning ahead feels nearly impossible. The FUND program is unique in that it helps address past-due rent while also equipping you with tools to build a more stable financial future.
Emergencies happen—but with support from FUND, you’ll be better prepared to face them.
ELIGIBILITY REQUIREMENTS
To be eligible for FUND, applicants must:
- Be a resident at an Affirmed Housing Community
- Have past due rent balance due to temporary financial hardship
- Rental arrears may not exceed $4,999.00
- Have sufficient income to:
- Make additional payments on past due rent balance over 6 month period
- Be able to pay future rent on time
- Be in good standing with Property Management, aside from past due rent
HOW DOES FUND WORK?
FUND consists of 4 phases:
Phase 1 – Application: Resident meets with property manager to receive application code and applies to FUND online.
Phase 2 – Financial Planning: Approved residents meet with Financial Coach to set budget and create repayment plan. The Property Manager approves plan and resident signs repayment agreement.
Phase 3 – Repayment and Education: Resident completes online financial literacy course and upholds repayment agreement.
Phase 4 – Matching Funds: Upon successful completion of repayment agreement and financial literacy course, FUND pays remaining balance of past due rent directly to property management giving residents a zero balance and a fresh start.
HOW TO APPLY
If you are interested in FUND, please speak to your property manager to see if you are eligible. If eligible, you will receive a code to complete an online application. Already have a code? Apply now.
