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October 31, 2007 > Revolving Loan Fund Program

Revolving Loan Fund Program

Submitted By Joyce Joyner, Rental Assistance Program Counselor

The Eden Council for Hope and Opportunity (ECHO) is a non-profit housing counseling organization founded in 1964. One of ECHO's services is a self-help based Revolving Loan Fund Program (RLF).

The RLF Program is a security deposit guarantee service, serving CalWorks recipients in Alameda County for moves within Alameda County. RFL does not pay the amount owed to the landlord as it once did in the past. RLF counselors now arrange for payment schedules between tenants and landlords so that tenants can spread the payment of a security deposit to payments over a period of time rather than in one lump sum.

Clients must be receiving CalWorks cash aid, food stamps, Medi-Cal or Child Care Links in Alameda County. Applicants must also be moving to a unit in Alameda County. All applicants must provide ECHO with proof that the household income is sufficient to meet ongoing monthly expenses as well as extra payment toward the money owed for the deposit.

The process requires an initial telephone screening. If the client in eligible, then the landlord is contacted by RLF counselors and a payment schedule is proposed. If the landlord agrees, the client is then scheduled for a face to face appointment. Income, expenses, and credit is then verified and the application is processed and completed.

For more information, call (510) 581-9380

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