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New interest-free loan program launches in LA County to help prevent homelessness

08/23/2022 9:11 AM | Margaret Fulton (Administrator)

New assistance is available in LA County to people facing the prospect of losing their homes. The Short Term Eviction Prevention (STEP) Fund, a program funded by the nonprofit, 1p.org, is launching a pilot program to give out 1,000 micro loans of up to 2,500 dollars to individuals at risk of eviction or dealing with other housing-related challenges. 

Adam Miller, the founder of the STEP Fund said he started the program in response to research showing that many people lose housing as the result of some type of financial shock.

Read More: https://www.smdp.com/new-interest-free-loan-program-launches-in-la-county-to-help-prevent-homelessness/220603

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