The Heartland Continuum of Care agencies are grateful for the partnerships with local landlords and property managers. In order to maintain those relationships, the HCoC wants to provide financial protection for landlords who partner with our housing programs, covering costs such as damages, non-payments, and court expenses.
The Landlord Risk Mitigation Fund (LMRF) is a formal partnership among housing providers, property owners and managers, and service providers. The goal is to create access to housing through a ‘Housing First’ approach, which emphasizes rapid placement and ongoing support in housing. The LMRF will help persons who face housing barriers access housing and maintain housing by protecting both property owners and agencies providing services. The Landlord Risk Mitigation Fund offers an incentive for landlords to rent to individuals and families who are experiencing homelessness and face significant barriers to housing. Essentially, landlords agree to rent to people who are part of supportive housing programs operated by Heartland Continuum of Care member agencies.
The program aims to: Mitigate the traditional risks associated with less stringent screening criteria. Meet the needs of persons who otherwise could not access housing or who face challenges to maintaining housing. The Landlord Risk Mitigation Fund will reimburse up to three thousand dollars ($3,000) for physical and operational losses for up to two (2) years after move-in.
The Veteran & Landlord Risk Mitigation Fund (VLRMF) is a community resource designed to support Sangamon County’s previously unhoused Veterans and the landlords who house them. This fund provides financial protection to landlords and helps Veterans overcome barriers to housing by covering up to $3,000 in potential losses for up to two years after move-in.
By reducing financial risk for landlords, the VLRMF makes it easier for Veterans to secure safe and stable housing while also strengthening partnerships between landlords, service providers, and the community. This initiative is a collaboration with the Veteran Crisis Response System, Springfield Non-Profits, and the Heartland Continuum of Care.
Landlord Risk Mitigation Policy - coming soon!
Veteran & Landlord Risk Mitigation One Page
- By contributing to the LMRF or VLRMF, you’re helping community members find and keep housing, and making it easier for landlords to say “yes.” Together, we’re building a stronger, more stable community, one lease at a time.
- Your contributions help us ensure that veterans, individuals, familky and youth housing efforts are sustainable, compassionate, successful, and locally led.