The FM Coalition for Homeless Persons launched a Landlord Risk Mitigation Fund (LRMF) in 2014 to encourage property managers and landlords to rent to people experiencing homelessness.
The fund is a chance for people with housing barriers to have stable housing.
Landlords and property managers who agree to rent to people in the program can recoup funds lost due to unpaid rent or excessive damage to units. The program is formal partnership between housing providers, service providers, and persons with barriers to housing. The applications come with agency recommendations and prospective tenants are partnered with a support services worker. The support services worker acts as a communication bridge between landlord and tenant.
Landlords who opt into the fund are covered for physical and operational costs of up to $3,000 for up to two years. If problems occur there is opportunity for free mediation services through the local Community Action Agencies.
Your gift of of any amount makes this program possible. When making a gift, a helpful guide for suggested giving is $1000 to add a household onto the program.
A gift of $5,000 or more for endowment support for the fund can be made to the FM Coalition at the FM Area Foundation and is eligible for the North Dakota Charitable Tax Credit. For more information please see the FM Coalition-LRMF web page.
Please visit the Landlord Risk Mitigation Fund general site if you have questions or would like to learn more.