Rambunctious
Diamond Member
- Jan 19, 2010
- 71,801
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I know... I wouldn't do it... I don't need government help... I didn't lose money during covid I granted my tenants a waiver for 3 months rent to help them...Congress enacted a $25 billion COVID relief bill. A component in the bill is the Emergency Rental Assistance Program which is available to landlords and prospective apartment investors. In this federal program:
What state are you in?
- Renters are eligible for 12 months back rent, plus more if you can prove it.
- Payments come directly to landlord, which is exactly what you want. You do not want it going to the tenants because they will not use it to pay rent.
- To qualify you must prove income loss due to COVID, that you have significant expenses because of COVID-19, there’s a potential for you to become homeless, and lastly, that you have qualifying income levels. Most renters that have been most affected by this pandemic do qualify.
- Funding is distributed by state and local governments, not through the Treasury.
$1.3 billion in relief funds for their program called the Texas Coronavirus Relief Bill Rental Assistance Program.
- To qualify you must prove income loss due to COVID