How Do I - Receive Financial Support | Restoration Plaza
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How do I receive financial support?

Make an appointment with a Restoration Financial Counselor to take advantage of the following forms of direct financial support:

The Federal Child Tax Credit

As part of the American Rescue Plan, families will be receiving a significant increase in support designed to reduce American child poverty by 45%.  The Child Tax Credit is an increase in support for parents with:

  • $3,600 per year for children 0-5
  • $3,000 per year for children 0-17

An advance of 50% of this annual tax credit will now be made monthly from July to December. The remaining 50% will be paid at tax time along with the rest of the refund. Payments will be based on 2020 or 2019 returns.

Childcare and Dependent Care Credit

Half of care costs up to $8,000 for one child or $16,000 for two children is now fully refundable.

Implementation of CTC: The IRS is creating a “Get My Credit” tool so non-tax filers can apply for the CTC.

Rent Support

The NY State Rental Assistance Program is now offering the following support to renters and landlords:

  • Up to 12 months of rental arrears payments for rents accrued on or after March 13, 2020.
  • Up to 3 months of additional rental assistance if the household is expected to spend 30 percent or more of their gross monthly income to pay for rent.
  • Up to 12 months of electric or gas utility arrears payments for arrears that have accrued on or after March 13, 2020.

Payments will be made directly to the landlord/property owner and utility company on behalf of the tenant. Tenant applicants will be notified of the amounts paid on their behalf.

Covid Emergency Support

For a limited time, one-time emergency grants of up $400, for people financially impacted by Covid. Priority will be given to Brooklynites meeting one of the following criteria:

  • A family member had Covid- 19 and is now struggling with health expenses;
  • Have lost employment due to Covid- 19 and are not yet receiving unemployment; and
  • Have reduced employment due to Covid- 19 and are now struggling with food insecurity.