During this unprecedented time, there are several programs designed to help U.S. citizens during a crisis through both the federal and state governments, such as unemployment benefits and small business loans. The list of suggested benefits and resources below is not exhaustive. Check your local government website for benefits available in your area.
The Disaster Unemployment Assistance (DUA) program provides unemployment benefits to individuals who have become unemployed as a direct result of a Presidentially declared major disaster.
Social Security Administration
Social Security pays disability benefits to people who can’t work because they have a medical condition that’s expected to last at least one year or result in death. Find out if you qualify and how Social Security can help you.
U.S. Department of Labor
Recently unemployed residents should visit the Department of Labor website to see what benefits they may be eligible for. Understandably so, demand for unemployment has risen to unprecedented levels in a very short amount of time. The DOL has outlined the steps you need to take if you’ve lost your job recently.
U.S. Small Business Administration (SBA)
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Banks (via CNBC)
Find out which banks are offering to help those impacted by the coronavirus. You could qualify for special repayment or credit options from these financial institutions.
Gradient Gives Back Foundation
The Foundation hopes to relieve selected families of the significant monthly obligation of a mortgage or lease payment, thus alleviating anxiety and helping the family regroup and prepare for the future. Whether this financial benefit allows families to dedicate time and resources to an in-depth job search or allows them to get caught up on medical expenses, getting back on their feet becomes more feasible with the support offered through the Foundation.
Need Help Paying Bills
Many people need help paying their bills or debts. Or they need free items, such as food, clothes, or other supplies for their household. There are thousands of financial assistance programs that may help struggling families. There is everything from mortgage or debt help to free groceries, grants to help pay rent or utility bills and medical bill assistance or free healthcare as well.
Aside from rent and utility assistance programs, there are many other ways to solving financial burdens. Mint.com put together a very helpful article, detailing some tactics to consider as you work through the coronavirus health crisis.
Search for rent assistance programs by zip code. Finding programs will depend on your particular situation and location.
If approved, residents can receive up to 3 full or partial consecutive monthly rent payments within a 12-month leasing period. Residents will be informed of the amount and the date at which rent payments will begin on their behalf. Relevium Foundation was founded by members of the Single-Family Rental Industry who have experience managing thousands of homes across the country and understand the hardships faced by renters. Their mission is to provide temporary relief by removing some of the financial barriers that are preventing individuals from building a better future for themselves and their families.
Modest Needs offers grants designed to promote the self-sufficiency of individuals and families who, because they are working and live just above the poverty level, are ineligible for most types of conventional social assistance but who, all the same, are living one or two lost paychecks away from the kind of financial catastrophe that eventually leads to homelessness.
211 is the most comprehensive source of locally curated social services information in the U.S. and most of Canada.
Credit Karma published a helpful post on how to get your $1,200 stimulus check from the federal government. For couples, the relief rebate could be as much as $2,400. Parents with children 17 or under can also qualify for an additional $500 per child.
Check your renter’s insurance carrier for unemployment or other financial situations coverage.
Criteria for borrowing from a 401K include financial hardships.