The City of Richmond in Virginia is offering a one-time financial help of $1,200 to eligible residents through its new RVA Stay Gap Grant Program. This program is designed to support people who are struggling to afford housing costs.
What is the RVA Stay Gap Grant Program?
This program is part of the city’s plan to help low-income families who are spending too much of their income on housing. The city has set aside $3.9 million for this program. Grants will be given out on a first come, first serve basis, so those who apply early will have a better chance of getting the money.
Who Can Apply?
To apply for this grant, residents must meet certain rules:
- They must live in the City of Richmond, Virginia.
- Their housing costs must be 30% or more of their total household income.
- Their total income must fall within the bottom 80% of the low-income range.
- They must not already be getting housing help from the city.
Rules for Renters and Homeowners
Renters:
- Must have a valid lease in their name.
- Annual housing costs can include rent, renter’s insurance, and utility bills.
Homeowners:
- Must have a mortgage in their name.
- Annual housing costs can include mortgage payments and utility bills.
How Will the Money Be Given?
For homeowners, the city will use the grant money to pay off their real estate taxes first. If there is any money left, they will receive the rest by cheque.
For renters, the full amount of $1,200 will be sent directly to their landlord.
Important Deadline
The last day to apply is December 31st. After applying, people will find out whether they have been accepted within eight weeks.
Why This Program Matters
With rising housing costs and many families finding it hard to pay their bills, this program is a lifeline for Richmond’s low-income community. It ensures that both renters and homeowners get a fair chance to stay in their homes without falling behind on payments.
This one-time grant can make a big difference, especially for those who are not already getting any kind of housing assistance. Since it’s based on who applies first, it’s important for eligible residents to act quickly.
FAQs
Who is eligible for the RVA Stay Gap Grant?
Residents of Richmond, Virginia whose housing costs are 30% or more of their household income and who fall within the low-income bracket can apply.
How much money will I get from this program?
Each successful applicant will receive a one-time grant of $1,200.
Can I apply if I’m already getting housing help from the city?
No, the program is only for residents who are not receiving other housing assistance from the City of Richmond.
How will I receive the money?
Renters’ money will go to their landlord. Homeowners will have their property tax paid first, and any leftover money will be sent to them by cheque.
What documents do I need to apply?
You’ll need proof of residency, income details, a valid lease or mortgage in your name, and your annual housing costs.
When is the deadline to apply?
The last date to apply is December 31st.
How long will it take to know if I got the grant?
You will be notified within 8 weeks of applying.
Is the grant only for rent or can it cover other costs?
For renters, it can include rent, utilities, and renter’s insurance. For homeowners, it can cover mortgage payments and utilities.
