Repayment starts a month after the funds are disbursed and are spread out in equal monthly installments of up to twelve months. Shown below is a sample payment schedule for reference.
Rent Relief Amount: $1,200
Date Disbursed: 01/02/2022
Installment Number | Due Date | Monthly Payment | Balance |
1 | 02/02/2022 | $100 | $1,200 |
2 | 03/02/2022 | $100 | $1,100 |
3 | 04/02/2022 | $100 | $1,000 |
4 | 05/02/2022 | $100 | $900 |
5 | 06/02/2022 | $100 | $800 |
6 | 07/02/2022 | $100 | $700 |
7 | 08/02/2022 | $100 | $600 |
8 | 09/02/2022 | $100 | $500 |
9 | 10/02/2022 | $100 | $400 |
10 | 11/02/2022 | $100 | $300 |
11 | 12/02/2022 | $100 | $200 |
12 | 01/02/2023 | $100 | $100 |
Total | $1,200 | $0 |