COVID-19 Recovery Grants

Overview

The Homestead Community Redevelopment Agency (CRA) has launched two programs designed to help residents and businesses within the CRA Area that have been impacted by the COVID-19 pandemic.  The Rental & Utilities Assistance Grant Program will provide eligible residents who reside within the CRA boundaries with a one-time assistance of up to $1,500 for one month’s rent and utilities costs.  The Small Business Emergency Recovery Grant will assist eligible small businesses with a grant up to $5,000 for COVID relief assistance.  Grants in both programs will be made until funds are expended.

Rental & Utilities Assistance Grant Program

The Homestead CRA COVID-19 Rental & Utilities Assistance Grant Program (the “Program”) is designed to provide residents who reside within the CRA boundaries with a one-time assistance of up to $1,500 for one month’s rent and utilities costs.

In order to qualify for the program, residents must live within the Homestead CRA, have a household income at or below 60% of the Area Median Income (AMI), be a renter, and have lost their job as a result of the COVID-19 pandemic. This Program will be subject to funding availability.

The CRA will not issue payments directly to applicants, but rather payments will be sent directly to landlord and/or the utility provider.

  1. Eligibility Requirements
  2. Qualified Costs
  3. Submission Instructions
  • Must be a US citizen, permanent resident or granted legal status.
  • Must reside in the Homestead CRA geographic boundary for at least one (1) year.
  • Must have household income of 60% AMI or less.
  • Current monthly income is less than:
    • $3,200 for one person household.
    • $3,660 for a two-person household.
    • $4,115 for a three-person household.
    • $4,570 for a four-person household.
    • $4,940 for a five-person or more household.
  • Rent and utilities must be current as of March 2020.
  • Applicant/landlord must not be receiving household subsidies from other federal, state and/or local program for the unit in which the applicant resides. Such programs include: Section 8 Housing Choice Voucher/Mod-Rehab, HOPWA Tenant Based Rental Assistance, Public Housing, Section 202, or VASH.
  • No member of the applicant’s household is self-employed.
  • Must not have liquid assets or other sources of capital from where rent and utilities can be paid.
  • Applicant/landlord must not have received rental or utilities assistance from another source for the same month.

Small Business Emergency Recovery Grant

The CRA Small Business Emergency Recovery Grant is available to eligible existing small businesses located within the CRA. The purpose of this one-time grant is to serve as gap funding until the business owner is able to receive a Small Business Administration and/or Bridge Loan, Payroll Protection Program funding or funds from other sources.

The CRA will assist eligible small businesses with a grant up to $5,000 for COVID relief assistance. Priority will first be given to businesses located in historic downtown or the Southwest neighborhood of the CRA. Grants will be made until funds are expended.

  1. Eligible Businesses
  2. Requirements
  3. Submission Instructions
  • Must be a for-profit entity.
  • Must be physically located within the CRA boundaries
  • Must have suffered financial stress or a disruption in operations due to the declared disaster, not due to a downturn in the economy or other reasons.
  • Currently open for business or available to open immediately upon lifting of the declared “Stay-at-Home” order
  • Have 2 to 30 employees
  • Must be in good standing. Taxes and required licenses must be current.
  • Must be established before January 1, 2020.
  • Must provide Financial Statement or other financial documentation that identify annual revenues. Preference will be given to businesses with annual revenues that do not exceed $500,000.
  • Businesses that have already received COVID-19 relief funds from the CARES Act e.g. SBA Loan, PPP, EIDL, etc., are not eligible to apply.
  • Religious institutions, homebased businesses, adult entertainment businesses, bars and liquor stores are not eligible.
  • Preference will be given to business that have not received past assistance from the CRA.

Additional Information

For additional information, please call the Homestead CRA at 305-224-4480.