Moving Forward Loan Program

Families Forward provides small loans to help low‐income individuals and families with rental security deposits or establishing credit.

Security Deposit Assistance Loans

Deposit assistance loans are available to voucher holders and people moving into Housing Works-owned properties only on a first come, first served basis when funding is available. These funds help individuals defray the high up-front costs of moving into a rental home. Contact Families Forward  to obtain more information about availability of funds.

How It Works:

  1. Qualified renters fill out a loan application.
  2. Loans range up to $1,200 with a 12- to 24-month repayment plan.
  3. Origination fee as follows:
$200 – $500: $25
$501 – $800: $40
$801 – $1,200: $60

Are You Eligible?

  • You must be at least 18 years old or if under 18 be an emancipated minor or have a custodial adult cosigner and, have a valid government-issued photo I.D. card including consular ID.
  • Loans are available to Housing Choice Voucher holders, VASH participants, and people moving into properties owned by Housing Works only.
  • Provide proof of Oregon residency (valid Oregon Driver’s License or 1 utility bill or 2 pieces of mail not including magazine subscriptions or shut-off notices) listing current address & provided within 30 days of application.
  • Provide proof of income or payment ability (Employment, Unemployment Compensation, SSI, TANF, Child Support). All loans require at least two full consecutive calendar months of income verification prior to date of loan initiation.
  • Applicant must have completed the adult Money Smart curriculum within the two months prior to loan application
  • Maximum loan is $1,200.
  • Payments will be no more than 4% of monthly net income.
  • Applicant may not have defaulted on any previous Families Forward loans.
  • Must not be involved in pending or discharged bankruptcy within the past 6 months (exception: Credit Builder Loan may be accessed to begin rebuilding credit within 6 months of a discharge but not if discharge is still pending).

Contact Families Forward to find out more.

Credit Builder Savings Loans

A creative way to assist households with establishing good credit. By making timely deposits into an account set up by Families Forward you can establish/improve your credit score. This program is open to anyone.

How It Works:

  1. Fill out a Credit Builder Loan Application Packet
  2. Loans are for $200 with a 12‐month installment repayment plan, and an origination fee of $12.  No funds are released to the borrower at the time the loan is made.
  3. Instead, every month your timely payment of $16.67 is reported as positive credit activity to credit bureaus.
  4. When you have made all of your payments we return the $200 to you.

Are You Eligible?

  • Be at least 18 years old or if under 18 be an emancipated minor or have a custodial adult cosigner and, have a valid government-issued photo I.D. card including consular ID.
  • Provide proof of Oregon residency (valid Oregon Driver’s License or 1 utility bill or 2 pieces of mail not including magazine subscriptions or shut-off notices) listing current address & provided within 30 days of application.
  • Applicant must have completed the adult Money Smart curriculum within the two months prior to loan application
  • Provide proof of income or payment ability (Employment, Unemployment Compensation, SSI, TANF, Child Support). Complete budget worksheet included with application.
  • NOT eligible: borrowers with existing Families Forward loans, defaults on previous Families Forward loans, or recent or pending bankruptcy.

Contact Families Forward now to find out more.