Housing Assistance

HOPE Revolving Loan Fund

This program is available.

  • Funded by the Housing Opportunities Partnership Exchange.
  • Only individuals in Baxter, Boone, Marion and Newton counties are eligible.
  • Loan is for homeless individuals to obtain housing.
  • This loan can pay security deposits, rent and utility deposits (water, gas and electricity).
  • Loan amount goes directly to the vendor; landlord and/or utility company.
  • Loan must be repaid within a year.
  • Income guidelines are county specific, 80% area median income; see chart.

 

80 % AREA MEDIAN INCOME
Baxter, Boone, Marion, Newton Household Size
1 2 3 4 5 6 7 8
Month* $2,433 $2,783 $3,129 $3,475 $3,754 $4,033 $4,312 $4,587
Annual $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
Data From: https://www.huduser.gov/portal/datasets/il/il2019/select_Geography.odn
Updated: February 25, 2020
HOPE Loan Application