Funds will be in an amount between 1 and 3 months’ worth of rent depending on total monthly rent, loss of income, net rent excluding housing credit, and other factors. The rent relief amount will be determined by our fund committee.
Funds will be distributed on a revolving basis in weekly batches. Esusu will plan to distribute 25% of the total funds raised each week following the initial one-week application period. Esusu anticipates its total funds will continually grow from fundraising and be replenished through repayments.
If you have been impacted by COVID-19, we would encourage you to apply as soon as possible. There is a greater need than Esusu has the capability to support, thus the earlier you apply, the better.
Esusu is able to reach out to the landlord to verify the basic information provided. In addition, Esusu will leverage its technology and information security team to monitor any suspicious activity and flag such accounts.
If you are not a renter, you are not eligible for rent relief funds.
Esusu is a mission-driven company that works with landlords and renters, who chose to participate around the country, to report rental payment data into the credit bureaus as a way to improve renter’s credit scores. Esusu is leveraging its network and resources to support renters in this difficult time.
Yes. We require that all recipients begin to repay these funds within 3 to 6 months. Funds can be repaid in a lump sum or in monthly installments over the course of one year. This structure is to ensure our fund will remain evergreen and can be used to support other renters in times of crisis.
We do not want this to be a one-time effort. We are believers in a pay-it-forward approach where we anticipate those receiving funds will aspire to create similar opportunities for their neighbors.
Yes, our list of partners and funders is constantly growing but our anchor funders are Acumen Fund and The Global Good Fund. Please reach out to firstname.lastname@example.org if you are interested in an institutional donation.
No. All funds raised in this COVID-19 Rent Relief Campaign will be used for loan disbursement.