Strengthening Financial Stability: An Overview of the Housing Stability Initiative
Elisa Ortiz
Published Jan 15, 2026
Through this program, selected families receive $500 each month to help cover everyday expenses, and there are no restrictions on how they can use this money.
What is the Housing Stability Initiative?
This initiative is led by the United Way of Central Indiana. With a $2.5 million fund from local donors and organizations like Eli Lilly and Company, the program plans to help 125 households through 2028, focusing on areas like Indianapolis.
Unlike many government programs, families get the money with no strings attached. This means they can use the $500 for whatever they need most — rent, repairs, utilities, food, or other essentials.
Who Is Eligible?
Currently, there is no open application process for the general public. Instead, families are chosen by organizers working with community groups such as the John Boner Neighborhood Centers and Southeast Community Services.
To be selected, families must meet certain requirements:
- Location: The program is focused on the IndyEast Economic Mobility District in Indianapolis.
- Income: It is meant for homeowners with low income who have trouble staying financially stable.
- Family Needs: Households where the money could make the biggest difference for the whole family get priority.
Success of Previous Programs
Earlier versions of this program showed positive results from 2022 to 2024:
- Higher employment: Full-time employment among participants rose from 60% to 93%.
- Increased income: Families gained an average of $306 more each month.
- Education: Some people were able to earn high school or college degrees.
- Better finances: Many improved their credit scores and paid off debts.
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