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What to know about how to apply for state and local housing grants and relief programs in Western North Carolina.
The commission also approved reallocating nearly $3.2 million American Rescue Act Funds to a household assistance program and to begin a county small business grant. The funding had originally ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The mission of the Low Income Energy Assistance Program (LIEAP) (also known as Low Income Home Energy Assistance Program (LIHEAP)), created in 1981, is to assist low income households, particularly those with the lowest incomes that pay a high proportion of household income for home energy, primarily in meeting their immediate home energy needs.
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
Income: Household income must be below 300% of the federal poverty level, which means an individual earning up to $45,000 or a two-person household earning up to $61,000 would be eligible.
IHP covers direct reimbursements for home repairs and replacements, rental, and lodging assistance. The program also covers assistance for indirect expenses related to disasters including funeral, medical and dental, child care, and other miscellaneous expenses. [2]
While household net worth would rise by $1.5 trillion if all loans were canceled, in terms of monthly spending the typical household with student loan debt would be avoiding a $200–300 monthly payment. Re-directing this savings to other spending would have limited economic impact of about $100 billion/year.