Renters in Connecticut could earn up to $900 after the state approved a rebate for those fitting certain criteria.
The Connecticut Renters' Rebate Program application officially opens on April 1 and will remain available until October 1, but renters must meet eligibility requirements.
The state approved the rebate for the elderly or "totally disabled" renters who make under a certain income level.
Couples who qualify can earn $900, while single renters could take in an additional $700 to help them make rent costs. The exact amount depends on specific income, rent and utility payments.
To be eligible, couples must make less than $53,400, while individual renters must make less than $43,800.
Also, you must be at least 65 or, if a surviving spouse of another eligible renter, 50 or over. Additionally, everyone over 18 is eligible if they earn Social Security disability payments.
You also must live in either an apartment, room, cooperative housing or a rented mobile home to receive the money. While applying, seniors and renters with disabilities should come prepared with rent receipts and proof of income.
"Rent costs have risen dramatically in recent years, and attempts in many states to curb them have fallen mostly flat," Alex Beene, literacy instructor for the state of Tennessee, told Newsweek. "Rebate programs like this are smart in their ability to target those who need assistance the most, and, in the process, hopefully keep roofs over their heads despite having income deficiencies to deal with these overwhelming costs."
All payments will be sent out by October 30, the state announced.
The move has many hoping their state and city will approve similar aid for renters. If other states implement similar programs, they would need to find the funding within their own budgets as well as adjust the rebate levels to fit the rent levels for their state's cities, Beene said.
"It could prove challenging for some states and cities to implement, but it's worth it if it keeps more families and individuals in housing," Beene said.
Michael Ryan, a finance expert who runs michaelryanmoney.com, said he has seen how rising rents can strain budgets and force Americans to choose between housing, health care and basic necessities.
"For many seniors and disabled individuals living on fixed incomes, this rebate can make a world of difference," Ryan told Newsweek.
"Accessibility is also key. Connecticut's streamlined application process and outreach efforts through local agencies can serve as a model for maximizing participation and impact."
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