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California cities and counties have one week to decide whether they’ll conform with the state funding allocation under SB 91, the latest legislative response to the COVID-19 pandemic and its impact on tenants and landlords.
SB 91, signed into law last Friday, creates a framework to distribute $2.6 billion in federal funds to landlords who have lost rental income during the COVID-19 pandemic. Landlords with qualifying tenants can receive up to 80% of the rent owed if they agree to forgive the remaining 20%.
Local governments that decline to follow state rules established through the legislation, including the 80%/20% payment… Read More
Tagged: COVID-19
The California Apartment Association has worked with the city of San Jose to require that tenants declare COVID-related financial hardships before qualifying for the city’s new rent freeze.
The new rent freeze ordinance, approved unanimously by the City Council Tuesday, took effect immediately and will run until June 30.
The rent freeze will apply only to tenants in rent-controlled units who give their landlords a declaration of COVID-19 related financial distress.
This latter requirement, secured by CAA, sets the new ordinance apart from San Jose’s previous rent freeze, which expired at the end of 2020. That ordinance applied to all… Read More
Tagged: COVID-19 Tri-County
Gov. Gavin Newsom today signed a bill that will use $2.6 billion in federal funds to pay landlords up to 80% of rent owed by qualifying tenants with COVID-19 financial hardships.
The legislation, SB 91, won overwhelming bipartisan approval Thursday in both houses of the Legislature.
SB 91 will use federal funds to pay up to 80% of a tenant’s back rent accumulated between April 1 of last year and March 31, 2021. A landlord who accepts the money will have to forgive the remaining unpaid rent for that period. If the landlord refuses this arrangement, the maximum subsidy drops… Read More
Tagged: COVID-19EvictionsLegislation
The California Legislature today approved a bill that will use $2.6 billion in federal funds to pay landlords up to 80% of rent owed by qualifying tenants with COVID-19 financial hardships.
SB 91 passed the Senate on a 34-0 vote and the Assembly on a 71-1 vote. Gov. Newsom is expected to sign the legislation shortly.
SB 91 will use federal funds to pay up to 80% of a tenant’s back rent accumulated between April 1 of last year and March 31, 2021. A landlord who accepts the money will have to forgive the remaining unpaid rent for that period.… Read More
The California Legislature approved a bill Jan. 28 that would reimburse qualifying tenants and landlords for most unpaid rent accrued since the COVID-19 pandemic shut down the economy last spring.
SB 91 would use federal funds to pay up to 80% of back rent accumulated between April 1 of last year and March 31, 2021. A landlord who accepts the money would have to forgive the remaining unpaid rent for that period.
Additional federal dollars would be available to help cover unpaid rent from March through June of this year.
To qualify for the federal dollars, the unpaid rent must… Read More
The California Apartment Association has demanded that any extension of the state’s COVID-19 eviction moratorium include assistance for landlords who have been required to provide housing while collecting little-to-no rent.
While California’s COVID-19 Tenant Relief Act of 2020 is slated to expire Jan. 31, political headwinds make an extension a near certainty.
The details of that extension, however, are still under negotiation.
CAA this week sent a letter to the governor and legislative leadership and has urged its members to call their representatives with concerns and requests.
“While CAA does not object to a short extension of AB 3088, we… Read More
President-elect Joe Biden said Thursday he would urge Congress to extend the nation’s COVID-19 eviction moratorium through September while also providing an additional $30 billion in rental assistance.
The rent relief would be part of a nearly $2 trillion stimulus plan that also includes $1,400 payments to qualifying individuals. The proposals would bolster the $25 billion in rental aid and $600 stimulus payments in the COVID-19 economic relief package approved in December.
Gov. Gavin Newsom on Wednesday pushed for the rapid distribution of $2.6 billion in federal rent relief headed to California from the latest COVID-19 economic stimulus package.
Newsom’s office said the funds will help both low-income Californians and small-scale landlords struggling financially from the pandemic.
Gov. Gavin Newsom
The governor Wednesday also proposed a $2.4 billion Golden State Stimulus program that would send $600 to low-income Californians. Newsom also urged lawmakers to extend COVID-19 eviction protections set to expire at the end of this month.
With federal rent relief, the U.S. Treasury has until Jan. 26 deadline to distribute the… Read More
Tagged: COVID-19
The governor is urging California lawmakers to extend the statewide eviction protections provided under the COVID-19 Tenant Relief Act.
Without action, the protections will expire Jan. 31, five months after they passed the Legislature as AB 3088.
Gov. Gavin Newsom said he and legislative leaders have committed to keeping the eviction moratorium in effect.
Gov. Gavin Newsom
“Yes, we will get a deal done to extend these renter-and-eviction protections,” Newsom said during a press conference. “It’s foundational, it’s fundamental.”
Under AB 3088, tenants who declare COVID-related hardships have until the end of this month to pay at least 25% of… Read More
A COVID-19 economic relief package signed by President Trump on Sunday includes $25 billion to help struggling tenants pay their landlords.
The aid package won Trump’s signature several days after passing both chambers of Congress. The president had threatened to veto the bill, saying its onetime direct payments to individuals should be increased from $600 to $2,000. Trump continues to urge Congress to make that change.
Last week, Tom Bannon, chief executive officer of the California Apartment Association, praised Congress for approving rental aid, the first time it’s done so since the pandemic shut down the economy nine months ago.… Read More
Tagged: COVID-19Press Release