Each month during 2021, Kiser Group will contribute $2,000 through its Rent Assistance Program on behalf of tenants in need to Chicago-area landlords or property managers for rent owed. Each month we will document how the money was allocated.
Rent Assistance Update
Now, halfway through 2021, Kiser Group has impacted dozens of families helping them to catch up on rent or regain some runway through its Rent Assistance Program. In the latest installment of the program, Kiser Group worked with Newcastle Limited, a commercial real estate company that acquires, develops, and operates retail, multifamily, and mixed-use properties, to allocate $2,000 in rental assistance.
“On behalf of our residents impacted by the rental assistance grant, we’re grateful for Kiser Group’s generosity and leadership in this space,” said Steve Merchant, Managing Director, Multifamily Operators at Newcastle Limited. “We’re also proud to partner with a company who shares our love of the city and our desire to see it – and all its residents – thrive, especially through these difficult times.”
“Kiser Group has several charitable initiatives, but given the economic hardships people face as a result of the pandemic, we sought a way to get money directly into the hands of those who need it most. We realized our clients would know those most in need of help with rent,” said Lee Kiser of Kiser Group. “Our client’s participation and matching has already resulted in more than $36,000 of rent assistance this year for Chicagoans in need. We are so grateful for Newcastle Limited’s participation.”
Newcastle Limited Impact Story
After receiving the $2,000 June rental assistance allocation, Newcastle Limited shared an update about the family impacted by the support.
After a resident at one of our Reside properties passed away unexpectedly, his partner and his son were struggling to pay rent. They were considering other living options that would take them away from their home. The family is an excellent candidate for this grant, and they’re very grateful for the assistance, especially during this difficult time of grief.
chicago rent assistance