Blog

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

If you are a tenant or a landlord who has been struggling with rent, news that the President signed the latest stimulus package – known as the Consolidated Appropriations Act of 2021 – was probably a huge relief. Included in the bill is $25 billion in rent assistance for landlords in order to assist the CDC’s new call for a moratorium on evictions through January 31, 2021.

The carved-out portion for landlords, known as the Emergency Rental Assistance, provides every state a minimum of $200 million with maximum amounts based on the proportion of the population in the state compared to the country’s total population. I’ve put together some common questions around this new stimulus package and resources to help you find answers.

 

Read more >