Esusu is providing interest-free loans to individuals who have been
impacted by a loss of income due to COVID-19. This fund is designed to
safeguard renters while supporting tenants and landlords as we collectively
navigate this crisis.
- Interest free loans
Individuals may be prioritized for funding by using the code AB20. Funds for qualifying renters will be sent directly to the landlord to ensure it goes towards their rental obligations. Households are only eligible to receive funds once. In the future, they may consider opening their fund up for reapplication. They will request that all recipients set up a 12-month repayment plan after a 3-6 month grace period.
Anyone qualifies who currently resides and rents a home in the United States that has been adversely affected by COVID-19. This includes everyone regardless of your immigration status.
Applicants must fill out a brief intake form as a pre-screen. Next, this organization will contact them with additional questions to verify eligibility. Subsequently, rent relief funds will be sent directly to the landlord to cover a portion of rent.
Funds will be in an amount between $250 and $1000 depending on total monthly rent, loss of income, net rent excluding housing credit, and household size. Loan size will be determined by our fund committee.
Recipients will be selected after a thorough application review. Recipients with the greatest financial need (based on available information) will be prioritized.
Funds will be distributed on a revolving basis in weekly batches. The organization will plan to distribute 25% of the total funds raised each week following the initial one-week application period. They anticipate that their total funds will continually grow from fundraising and be replenished through repayments.There is no phone number or address given. The application is online.