How to get a temporary furnished apartment
Posted On August 5, 2021
The temporary furnished housing program that allows renters to temporarily rent a home to their children or others in need is set to be rolled out nationwide in 2017.
The program will provide 1,000 apartments at a cost of $25,000 to people who live in a household with a household income of $150,000 or less, and people who earn more than $250,000.
The program is expected to begin rolling out in the next several weeks and the cost is estimated to be around $12 million, according to the Associated Press.
Currently, people can use the program to rent an apartment at a rate of $1,000 a month for one year.
The rental subsidy is capped at $1.6 million for a single person and $1 million for two people.
The total rental subsidy available is currently $20.5 million.
Under the program, people who qualify are able to pay rent through a rent-stabilized tenancy agreement, and then the landlord can pay for utilities, security deposits and other costs.
The housing assistance is offered to people with incomes below 250 percent of the federal poverty level, and for people who are unemployed or underemployed.
The rental assistance program has been available for a number of years and was established to allow households with two or more adults who live together to stay in a one-bedroom apartment for up to a year.
However, the number of households that can receive this assistance has been reduced to 200,000 households per year from over 2 million households per day.