WHO QUALIFIES FOR $25K STIMULUS PROGRAM?
In order to qualify for the sum, applicants must meet some eligibility criteria.
According to BGR, a general rule would be not being able to afford your rent and/or your utility bills because of the pandemic.
Potential applicants might either speak to their landlord about how to apply for aid from the federal Emergency Rental Assistance Program or apply on their own for grants of up to $25,000.
The US Treasury Department said: “There is still much further work to do to ensure tenants and landlords take advantage of the historic funding available to help cover rent, utilities, and other housing costs and keep people in their homes.
Meanwhile, first-time home buyers could also receive $25,000 to purchase a new home under the Downpayment Toward Equity Act of 2021.
Applicants must meet some eligibility criteria such as being a first-time home buyer, meet income limitations depending on your area, and must be purchasing a primary residence, not a secondary home.
Additionally, the buyer must use a government-backed mortgage and be a first-generation home buyer, homebuyer.com states.