Rent and Utility assistance will target hardest hit first
“Countless residents have suffered great financial hardship during the COVID pandemic, and this type of direct housing aid can go a long way towards returning them to a sound financial footing,” said Mimi Cowan, Speaker of the Will County Board.
“Although renters owe the money to landlords, in many cases, it is the landlords who suffer most financially as they struggle to make mortgage payments and pay property taxes,” said Fricilone. This ERA money will help make them whole.”
The assistance will target renter households under 80 percent of the area median income (AMI) for example, a family of four making $72,800 or less. Households below 50 percent of AMI and the long-term unemployed would be prioritized. Ninety percent of the funds the county received must be used for rent and utility assistance with only ten percent allowed for administrative costs and housing ability services.