Kane County offering rent and utility assistance to renters at risk of losing housing
The program is meant to help pay rent and utility bills that are past-due up to 12 months, up to three months of future rent and security deposits for rentals. Residents in the county are eligible if they earn 80% of the area median income or less, live in a rental unit in the county, are behind on rent or utilities or live in unsafe or overcrowded housing, have lost income or received unemployment and haven't received other federal rental assistance during the same time and haven't applied for this program before.
County residents can apply at this link: https://www.zoomgrants.com/gprop.asp?donorid=2150&limited=4594. Applications will be taken through July 31, the county said.
Processing applications can take six to eight weeks, according to the county. Individuals with questions about the program can contact Kim Lovely at LovelyKim@KaneCountyIL.gov or 630-444-1231, or Brittny Garcia at GarciaBrittny@KaneCountyIL.gov or 630-232-5871 for assistance in Spanish.
The program is federally funded as part of the United States Treasury Department's Emergency Rental Assistance program, a county spokesperson said. The federal program was meant to provide housing stability for renters during the COVID-19 pandemic, per the Treasury Department's website.
Funding for the Emergency Rental Assistance program expires and therefore must be spent by Sept. 30, 2025, according to the Treasury Department's website. The county does not expect to apply for more federal funding for the program going forward, the county spokesperson said, and instead plans to start a different, grant-funded program through the county health department.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
an hour ago
- CNBC
Dollar grinds higher with Fed in focus in run-up to Jackson Hole
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve's Jackson Hole annual symposium later this week for clues on the path for monetary policy. A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any push back against market pricing of a rate reduction next month. Traders currently place 84% odds on a cut next month, and expect around 54 basis points of reductions by year-end. The dollar index, which measures the currency against six major counterparts, edged up to 98.393 early on Wednesday, the highest since August 12. It had gained about 0.4% in the first two days of this week. "Given the relatively high bar for Powell to meet, there's a bit of risk being baked into the markets that he leans to the hawkish side and the proverbial rug gets pulled from beneath investors," said Kyle Rodda, an analyst at In Asian hours, the Reserve Bank of New Zealand sets policy later in the day, with a large majority of economists predicting a quarter-point cut to the cash rate. The New Zealand dollar drooped close to Tuesday's nearly two-week low, last changing hands at $0.5895. "There's little reason for RBNZ to keep rates on hold," said Rodda. "Inflation is within its target band, and although it is no longer mandated to target the labor market, the unemployment rate is at a post-Covid high." For the Fed, traders ramped up bets for a cut on September 17 after a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs. However, a hotter-than-expected producer price reading last week complicated the policy picture. Powell has said he is reluctant to cut rates due to expected tariff-driven price pressures this summer. The Fed will release minutes from its July 29-30 meeting later on Wednesday, when the central bank held rates steady, although they may offer limited insight as the meeting came before the weak jobs numbers. The dollar advanced 0.1% to 147.78 yen. The euro eased 0.1% to $1.1633, the weakest since August 14. Sterling slipped 0.1% to $1.3476, the lowest since August 12. Australia's dollar edged down to $0.64485, a level last seen on August 1.
Fox News
5 hours ago
- Fox News
Bessent: Trump is the only one who can stop this war
U.S. Treasury Secretary Scott Bessent discusses the state of a Russia-Ukraine ceasefire deal, the nation's relationship with China and more on 'The Ingraham Angle.'
Yahoo
7 hours ago
- Yahoo
Walmart & Target Earnings: Will Performance Disparity Continue?
The 2025 Q2 earnings season continues to slowly wind down, with this week's docket primarily dominated by retail. The period has been resilient, with earnings growth remaining strong and a strong number of companies exceeding quarterly expectations. Notably, expectations for the current period (2025 Q3) have also inched higher over recent months, a key item to keep in mind as we wrap up the Q2 cycle. But before we wrap up anything, two retail heavyweights – Target TGT and Walmart WMT – are headlining the docket for retail companies this week. Walmart's outperformance relative to Target has been notable, outpacing it over the last several years, while Target has struggled in the post-COVID era. This development is illustrated in the chart below. Image Source: Zacks Investment Research Let's take a closer look at how each stacks up heading into their releases. Walmart Outperforms Big Walmart has been firing on all cylinders over the last several years, not only able to see strong growth thanks to its digital efforts but also benefiting from its more 'staply' mix of products. Consumers often trade down to WMT in times of stress, helping insulate it and providing a consistent level of demand. Concerning its success within its digital efforts, Global eCommerce sales grew 22% YoY throughout its latest quarter, continuing the recent momentum nicely. Consumers have increasingly opted to pick up their groceries rather than shop, with its online marketplace also easy to use. Additionally, Walmart US comparable store sales were up a strong 4.5%, a key metric for retailers. For the upcoming release, the Zacks Consensus estimate for US comparable store sales (ex-fuel) stands at 4.2%, alluding to continued momentum. As shown below, WMT has regularly positively surprised on the metric, stringing together six consecutive beats. Image Source: Zacks Investment Research Analysts have primarily been silent concerning their top and bottom line revisions for the quarter, with WMT expected to see 9% EPS growth on 3.7% higher sales. While the company hasn't seen a flurry of upward revisions, the stability of the trends over recent months is a positive takeaway. Below is a chart illustrating the company's sales on a quarterly basis. Image Source: Zacks Investment Research Have TGT Shares Bottomed? Quarterly results from Target have regularly disappointed over recent years, with the company's more 'discretionary' inventory being a major thorn in the side in the post-COVID era. Comparable store sales decreased 3.8% YoY throughout its latest period, with overall sales also down 2.8%. We expect TGT's comparable store sales to decline 2.9% year-over-year, with the company unable to chain together positive beats on the metric over the last six periods. Image Source: Zacks Investment Research While its retail stores may not be seeing growth, its digital efforts certainly can't get overlooked. Digital comparable sales grew 4.7% YoY in its latest period, paired with a 36% increase in same-day delivery through Target Circle 360. As we can see below, the company's sales growth rates exploded during the COVID era, when consumers were spending on more discretionary items, but that trend has since subsided considerably. Target's smaller mix of 'staply' products hasn't been enough to offset the negative effects, also explaining the poor price action over recent years. Please note that the chart below tracks the YoY % change in sales. Image Source: Zacks Investment Research Still, the EPS outlook for the period is constructive and stable, as shown below. Given the several-year-long stretch of poor price action, the worst could be soon 'behind' Target, though that has remained the hope for several periods now. Image Source: Zacks Investment Research Guidance will be the key hurdle for TGT to clear, though it's worth noting that shares are already down more than 50% from their 2021 highs. Any sign of a turnaround concerning its discretionary merchandise would likely be enough to scare the bears away. Bottom Line Both Target TGT and Walmart WMT are titans in the retail space, with performance over recent years heavily skewed in favor of WMT. TGT's more discretionary merchandise mix has been an issue in the post-COVID era, whereas WMT's more 'staply' mix has insulated it nicely, also providing consistent demand. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
