The City of Indianapolis has received $91 million in new funding for its IndyRent program, which helps those affected by the pandemic to pay their rent.
The grant, from the Indiana Housing and Community Development Authority (IHCDA), will enable IndyRent to extend its current three-month eligibility limit to a full year. IHCDA received a total of $371 million from the U.S. Department of Treasury’s Emergency Rental Assistance program allocation.
Indianapolis Mayor Joe Hogsett said in the announcement that the new funding “nearly doubles our rental assistance resources, keeping tenants in their units and keeping landlords afloat.”
The IndyRent program is available to households at or below 80 percent of the Area Median Income (AMI) that have experienced a reduction in earned income and are at risk of housing instability. Applications and additional information are available at IndyRent.org.