How do the program subsidies work? When will I receive a check from Lydia Place?
Prior to moving into housing, Lydia Place will collect documentation of income and create a budget with the family to identify monthly expenses and create a housing payment plan. The initial plan includes a deposit fully paid for by the subsidy, and three months of rental assistance where the family is responsible for a portion of rent which is typically equal to 30% of their household’s monthly income. A copy of the initial plan is given to the property manager upon move-in. We partner with the Opportunity Council’s fiscal department to coordinate timely and consistent distribution of rent checks. For the initial move-in, checks may take several weeks to be mailed out while the client’s account is set up. After the initial move-in, Lydia Place’s monthly portion of rent is mailed out on the first working day of the month. The case manager will communicate payment updates with the property manager/owner as the Opportunity Council updates Lydia Place.