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Housing Assistance

HOPE Revolving Loan Fund

This program is temporarily suspended. Check back later for updates.

  • Through the Boone, Baxter, Marion, Newton Continuum of Care. Therefore 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 Household Size
1 2 3 4 5 6 7 8
Month* $2,275 $2,600 $2,925 $3,245 $3,508 $3,766 $4,025 $4,287
Annual $27,300 $31,200 $35,100 $38,950 $42,100 $45,200 $48,300 $51,450
Boone Household Size
1 2 3 4 5 6 7 8
Month* $2,279 $2,604 $2,929 $3,254 $3,516 $3,775 $4,037 $4,295
Annual $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
Marion, Newton Household Size
1 2 3 4 5 6 7 8
Month* $2,250 $2,570 $2,891 $3,212 $3,470 $3,729 $3,987 $4,241
Annual $27,000 $30,850 $34,700 $38,550 $41,650 $44,750 $47,850 $50,900
Last Updated 5/24/2019