The STEP Fund provides interest-free loans to low-income residents facing eviction within the next 30 days due to a recent financial setback.
There are at least 750,000 families in LA County who are just one minor crisis away from losing their homes. Yet currently, LA county spends only ~5% of homeless funds on prevention.
The STEP Fund provides loans of $500-2,500 that can be used for:
Other housing-related costs
Be considered very low income (<50% AMI)
Be at imminent risk of eviction within the next 30 days
Have experienced a recent financial shock
Live in LA County