Earnin Cupertino community project

Program Overview 

In response to the COVID-19 crisis, Earnin is partnering with the City of Cupertino in California to distribute $50,000 in rental assistance of City-provided HUD funds to households experiencing housing insecurity. 

Program Highlights: 

  • Earnin will send $500 per month for 4 months totaling $2,000, beginning on September 1, 2020
  • Earnin will start debiting $200 per month on the 1st of each month 6 months after receipt of the first payment, beginning on March 1, 2021
  • Earnin is able to accommodate a lower debit amount during the repayment period if proven to be needed
  • Recipients will need to download the Earnin app and complete signup flow
  • Earnin will not pursue debt collection activities, credit scores will not be affected in the entirety of this program
  • Fees, interest, and tips will not be required or accepted for this program
  • Earnin will debit up to 16 months after repayment period starts
  • Household income must fall on or below the Area Median Income (AMI) as listed below - AMI will be calculated by projecting a household’s annual income from March 1, 2020 to February 28, 2021 to account for the financial impact of COVID-19.

Who is eligible?

All renters of their primary residence in the City of Cupertino who fall on or below the Area Median Income are eligible to apply for the Cupertino Rental Assistance Program. AMI will be calculated by projecting a household’s annual income from March 1, 2020 to February 28, 2021 to account for the financial impact of COVID-19.

Household Size

4

5

6

  Median Income

$99,100

$113,300

$127,450

$141,600

$152,950

$164,250

 

When is the application going to be open? Closed?

The application will be opened on July 23, 2020 12PM, and closed on July 30, 2020 at 5PM PST

 

What day will participants be randomly selected?

Participants will be randomly selected on July 31, 2020. Community members will be notified the same day if they are selected for participation in the Rental Assistance Program.

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