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(Ipswich MA, June 30, 2020) Ipswich Affordable Housing Trust Fund Board has joined forces with Action Inc. whose mission is to create opportunities that promote a thriving Cape Ann for all, to offer short-term rental assistance for Ipswich residents who have recently lost their jobs, been furloughed, or lost significant income due to COVID-19.
Participants will pay up to 40% of their income toward their rent, and the program will pay the balance. If participants do not have income, Action Inc. will work with them to help them gain income. Each landlord will be required to sign a contract in which they agree to accept the funds and not evict the tenant for the duration of the program.
Action will provide rental subsidies directly to the renters’ landlords. It is intended for participants to transition out of the program after six months. If hardships continue past the six-month mark, participants may remain in the program for up to six additional months.
Eligibility for this program is: Ipswich residency; present income less than 80% Area Median Income, as defined by HUD, during the first 30 days of implementation; income less than 100% AMI after the first 30 days; ability to demonstrate lost employment or income as a result of COVID-19 (i.e., laid off, furloughed, suffered significant reduction in hours, etc.); adult over 18 years of age.
Action Inc. will manage the application process and the distribution of funds. Please visit Action Inc. at www.actioninc.org to complete a short intake survey and schedule an appointment with a Client Services Advocate. If approved, applicants may receive assistance with back or future rent, based on current income.
The Ipswich Affordable Housing Trust Fund Board, established in 2012, is the fiscal authority regarding affordable housing matters for the Town of Ipswich. The purpose of this Trust is to provide for the creation and preservation of affordable housing in the Town of Ipswich for the benefit of low and moderate income households.
For more information regarding this program or other affordable housing matters please visit www.ipswichma.gov.