Some localities in the Peninsula received federal stimulus money to help prevent homelessness for some area residents who are struggling, according to the Daily Press.
The funds will be used for rental assistance, utility and security deposit payments and credit repair.
This is good news for all residents in these areas because preventing homelessness is cheaper than correcting it. Also, preventing homelessness can protect property values.
"As part of the federal stimulus package, nearly $1.4 million has come to the Peninsula to help stem the tide of growing homelessness associated with the lingering economic recession.
Government and nonprofit agencies in Hampton, Newport News, York, Poquoson, James City County and Williamsburg recently began disbursing funds from the U.S. Department of Housing and Urban Development's Homeless Prevention and Rapid Re-housing program.
The six localities evenly split about $727,000. A secondary pot of money totaling more than $659,000 was allotted specifically for Newport News, said Joy Cipriano, director of property and resource development for the Hampton/Newport News Community Services Board, the agency administering the grant funds.
The money is specifically earmarked for such things as rental assistance, utility and security deposit payments, and credit repair. It is not targeted for the chronically homeless, Cipriano said.
'The money is for helping people that were otherwise stable and making it. But, due to loss of a job or reduction of income, can't meet rent payments,' Cipriano said. 'It's cheaper to prevent homelessness than correct it once it happens.'
Cipriano said the federal government has instituted strict guidelines about how the money can be used and is requiring stringent reporting to make sure the funds are spent appropriately."
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