Emergency Rental Assistance Program
Emergency Rental Assistance Program
The City of Frisco is eligible for direct funding from the Emergency Rental Assistance Program included in Congress's latest COVID-19 relief package.
On December 6, the U.S. Treasury Department announced the new $25 billion emergency rental assistance program authorized under the year-end COVID-19 relief and omnibus spending package. The funds for awarded for City of Frisco residents is $6,058,027.
- Funding from the U.S. Treasury Department is expected to arrive by the end of January;
- More guidance on this program is coming from the Treasury Department in the coming weeks, and will be posted here;
- Please be patient with us as we work diligently to set up this program; we will be updating this page as new information becomes available.
- City staff has contracts drafted and expects the rental application to be live on or after March 1, 2021.
- At this time (March 1, 2021), one nonprofit is making final adjustments to their application. They are actively testing the application and expect it to go live no later than Wednesday, March 3, 2021. We are actively working toward getting this information on the website as soon as it is available.
- The United States Department of Housing and Urban Development has provided informational resources for Renters facing eviction and Homeowners facing foreclosure due to COVID-19.
An "eligible household" is defined as a renter household in which at least one or more individuals meets the following criteria:
- Qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19; and
- Demonstrates a risk of experiencing homelessness or housing instability; and
- Has a household income at or below 80 percent of the area median income.
- Must be a City of Frisco resident (City of Frisco is the billing municipality for water)
|FY 2020 INCOME LIMITS|
|Effective: July 1, 2020||PERSONS IN FAMILY|
FY 2020 INCOME LIMIT AREA
|MEDIAN FAMILY INCOME||FY 2020 INCOME LIMIT CATEGORY||1||2||3||4||5||6||7||8|
HUD Metro FMR Area
|$86,200||30% (Extremely Low||$18,100||$20,700||$23,300||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% (Very Low)||$30,200||$34,500||$38,800||$43,100||$46,550||$50,000||$53,450||$56,900|
Rental assistance provided to an eligible household should not be duplicative of any other federally funded rental assistance provided to such household.
Eligible households that include an individual who has been unemployed for the 90 days prior to application for assistance and households with income at or below 50 percent of the area median income are to be prioritized for assistance.
Household income is determined as either the household's total income for calendar year 2020 or the household's monthly income at the time of application. For household incomes determined using the latter method, income eligibility must be re-determined every three (3) months.
- Eligible households may receive up to 12 months of assistance, plus an additional three (3) months, if the grantee determines the extra months are needed to ensure housing stability and grantee funds are available.
- The payment of existing housing-related arrears that could result in eviction of an eligible household is prioritized.
- Assistance must be provided to reduce an eligible household's rental arrears before the household may receive assistance for future rent payments.
- Once a household's rental arrears are reduced, grantees may only commit to providing future assistance for up to three (3) months at a time.
- Households may reapply for additional assistance at the end of the three-month period if needed and the overall time limit for assistance is not exceeded.