Opportunity Home Unveils Emergency Rental Assistance Fund
June 24, 2024
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Opportunity Home San Antonio is announcing a new Emergency Rental Assistance Fund, an eviction diversion initiative designed to provide emergency rental assistance to households experiencing an extreme financial hardship, such as the death of a household member, a medical emergency or severe illness, which would prevent rental payments from being made.
Under the Fund, Opportunity Home-owned and operated public housing households earning under 30% of the area median income will qualify for assistance. Eligible households would be eligible for up to three months of rental assistance, including any fees as part of their outstanding balance. Documentation proving the extreme financial hardship would be required. Funds will be allocated on a first-come, first-served basis due to limited funding availability.
The Fund will go into effect on August 1.
“This program underscores our commitment to ensuring housing stability and security for our residents facing dire circumstances,” said Michael Reyes, acting president and CEO of Opportunity Home. “By providing timely emergency rental assistance, we aim to prevent homelessness and support vulnerable households during their greatest time of need.”
The program will be sustained by non-federal funds, including philanthropic contributions and funds generated through new affordable housing fees.