Rental Assistance
Facing Financial Hardship? We’re Here to Help ?
While AxcessRent is committed to empowering renters through rent reporting and building financial stability, we understand that unforeseen circumstances can sometimes lead to financial difficulties. We are actively working on partnering with financial institutions to offer instant decision loans for eligible renters facing temporary financial hardship. This service is currently under development, but we are dedicated to providing resources and support in the meantime.
Local and Ohio State Assistance Programs
Here are some resources for rental assistance available at the local and state level in Ohio :
Ohio Department of Development – Home Relief Grant
This program provides financial assistance for rent and utilities to eligible low-income Ohio residents. Find your local Community Action Agency and learn more about eligibility and application details
Ohio Legal Help – Emergency Rental Assistance
This website provides comprehensive information on Emergency Rental Assistance programs available in Ohio, including eligibility criteria, application processes, and contact information for local agencies.
City of Columbus, Ohio – Financial Assistance Programs
This website lists various financial assistance programs offered by the City of Columbus, including
emergency rental assistance, utility assistance, and other resources.
National Resources
HUD’s Rent Relief Resources: The U.S. Department of Housing and Urban Development (HUD) provides information on national rent relief programs and resources for renters facing eviction. Visit their website for more details here
211: Dialing 211 connects you to a local call center that can provide information and referrals to various social service programs, including potential rental assistance
options in your area.
Remember: Seeking help early is crucial. Don’t hesitate to reach out to these resources if you are facing financial hardship and struggling to pay rent.
We at AxcessRent are committed to supporting our residents and believe that everyone deserves access to stable housing. We will continue to explore and implement solutions like instant decision loans to provide additional financial support in the future.
The Growing Rent Affordability Crisis in the US
The United States faces a significant challenge with rising rental costs and a growing number of renters struggling to keep up. Here are some key statistics highlighting theseverity of the situation:
Total Number of Renters: According to the U.S. Census Bureau, in 2023, there were approximately 44.2 million renter households in the United States, representing 36.4% of all households. View Source
Renters Struggling to Afford Rent:
Cost Burdened Renters: A staggering 51.1% of renters in 2021 were classified as “cost burdened,” meaning they spend more than 30% of their income on rent
and utilities. This is the highest rate recorded since 2015. View Source
Severe Cost Burdened Renters: An alarming 26% of renters in 2021 were categorized as “severely cost burdened,” spending over 50% of their income on
housing costs. View Source
Redfin Survey: A 2023 survey by Redfin found that half of Americans, including both homeowners and renters, have experienced difficulty affording their housing
payments throughout the year. View Source
Evictions
Eviction Lab: Data from Eviction Lab indicates that eviction filings increased by 61% in the first half of 2023 compared to the same period in 2020,
highlighting the rise in evictions due to non-payment. View Source
Addressing this Crisis:
The increasing number of renters struggling to afford rent and facing eviction necessitates a multi-pronged approach :
- Increased Affordable Housing: Expanding the availability of affordable housing units through government initiatives, rent stabilization measures, and encouraging the construction of more affordable housing options.
- Financial Assistance Programs: Expanding access to rental assistance programs like those offered by local and state governments, as well as exploring innovative solutions like AxcessRent’s planned instant decision loans for eligible renters facing temporary financial hardship.
- Financial Literacy Initiatives: Empowering renters with financial literacy tools and resources to manage their finances effectively, budget responsibly, and prioritize housing costs.
Fundraising Opportunities
AxcessRent is actively seeking investors interested in supporting our mission of empowering renters and mitigating the rent affordability crisis. We believe our innovative approach, including rent reporting, financial resources, and the planned instant decision loan program, has the potential to make a significant positive impact.
If you are an investor interested in learning more about our fundraising opportunities, please contact us: