Struggling With Housing Costs? This Program Pays $500 a Month to Help You

As inflation continues to push up housing, utility, and grocery costs, a limited group of households is receiving $500 monthly payments through the Housing Stability Initiative — a guaranteed income program designed to help families stay financially stable.

The payments come with no spending restrictions, allowing recipients to use the money where inflation hits hardest.

What Is the Housing Stability Initiative?

Led by United Way of Central Indiana, the Housing Stability Initiative provides $500 per month to selected households.

The program is funded by $2.5 million in private donations and will support 125 households through 2028.

Unlike traditional assistance programs, these payments are “no strings attached.”

Who Is Eligible for the $500 Monthly Payment?

Eligibility is targeted and limited, and there is no open public application.

Participants are selected through local community partners based on:

• Location: Residents of the IndyEast Economic Mobility District

• Income: Low-income homeowners struggling with rising housing costs

• Household impact: Families where steady monthly support can prevent housing instability

Community organizations such as John Boner Neighborhood Centers and Southeast Community Services. help identify eligible households.

How the Payments Help During Inflation

The $500 can be used for:

• Rent or mortgage payments

• Utility bills affected by higher energy prices

• Food and daily essentials

• Home repairs delayed due to rising costs

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