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Housing Stabilization Grants (HSG)

Published on September 2, 2020

State Agency	District of Columbia Housing Finance Agency
Program Name	Housing Stabilization Grants (HSG)
Program Description	A new program established to provide financial relief for government-financed (federal, HFA, or local) rental property owners who have experienced a loss of income resulting from the COVID-19 pandemic. A separate DC agency administers a set-aside for the program.
Program Website	dchfa.org
Program Status	Closed to New Applicants
Start Date	12/01/2020
Eligibility Criteria	• Eligible properties are those financed with HFA, or other federal or local affordable housing funds • No limit on household income for participation but must have occupied the unit since March 1, 2020 • Units with $2,500 maximum rent. • Landlord/owner must forgive outstanding back rent not covered by the grant from April 1 through November 30, 2020. • Households in covered units must not have been recipients of any other rental assistance program for the months for which assistance is provided under this program
Eligible Activities	Rent arrearages
Direct Recipient of Assistance	Landlord
Administration Structure	DC HFA directly processes applications and distributes grants.
Maximum Length of Assistance	One-time payment
Maximum Assistance Available Per Household	80 percent of rent, up to $2,000 a month
Household Contribution Requirements	None
Total Applications as of Date	65
Total Household Recipients of Assistance as of Date	0
Funding Source	Coronavirus Relief Funds (CARES Act)
Total Funding Amount of Program	$9,000,000.00
Date of Entry or Changes	12/11/2020