With the high cost of housing in Monmouth County, many families have difficulty paying the current market rate rent, leading to housing instability and homelessness. With the average monthly rent for a typical two-bedroom apartment costing $1,272 in 2010, families need an income of over $20 per hour or $42,400 per year just to afford housing in Monmouth County. Working poor and unskilled laborers often earn less than $10 per hour. Any additional expense could result in homelessness.
With rent, utility, or mortgage payment assistance, families are able to continue to live in their homes. In the past ten years, Interfaith Neighbors has provided over $2.5 million in assistance to over 2,500 families in Monmouth County. With the current state of the housing market and the struggling economy, we are receiving more calls than ever from hard working families needing assistance. Without our rental, mortgage and utility assistance these families would become homeless.
Interfaith Neighbors will provide rental and mortgage assistance to 30 working poor families, which is equivalent to 100 people, most of whom are children. This assistance will allow families to avoid eviction or foreclosure and remain in their homes.