CORAL SPRINGS, FL – The coronavirus has created economic hardships for many families in Coral Springs, hurting their ability to afford basic necessities, including paying for monthly rent.
Across the nation, around 43 million Americans – or 25% of the adult population – either missed last month’s rent or mortgage payment, or have little to no confidence that they can pay next month’s rent or mortgage on time, according to recent U.S. Census Bureau data analyzed by USA Today.
And so, Coral Springs has tried to help some families pay for their housing.
According to a city news release, 26 families have received up to 3 months of rental assistance through a city program that relies on State Housing Initiative Partnership (SHIP) funds.
The program is for income-eligible residents who experienced job or income loss as a direct result of COVID-19.
Coral Springs is trying to get another round of SHIP funds to offer rental assistance to more residents through the end of 2020.
“We are committed to finding and allocating financial resources for residents who have been financially impacted by the COVID-19 pandemic,” Coral Springs City Manager Frank Babinec said in the news release. “This program is one of many Coral Springs has implemented to alleviate the financial burden caused by the pandemic.”
The city’s rental assistance program, offered to residents with active lease agreements that meet specific eligibility requirements, is done in partnership with the Broward County Minority Builders Coalition, which completed application in-take, including income verifications.
More information about the rental assistance program can be found here.
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